All-time maximum profit earned since 2011: US$142,641.26 (new high water mark!)
Current drawdown from all-time maximum true profit earned: US$0
Change from last update: Up US$5,303.08
Directional stance: Portfolio is 58.45% bullish
Happy V day to everyone! V also stands for, amongst other things, victory in light of more green shoots! and a nice new green candlestick on our weekly candlestick chart to the right of this blog.
The prognosis is that unless the markets decide to go batshit crazy on us, we are seated on cabin 2015 of the bull train with the ticket saying our destination is this place called "S&P 2200+". We can expect a fairly steady "slow-grind" journey with a few small bumps along the way, without too much scenery to see. But please keep your seatbelts on at all times, just in case.
A bull locomotive train, powered by S&P bull power™, circa 2015.
I hope to bank more coin from this bull leg for what it's worth up to 2200+, but as I bank more profits the portfolio stance (which is currently 58.45% bullish) eventually becomes less and less bullish as the bull and bear components of the portfolio adjust by themselves. This in turn reduces the extent to which the portfolio is able to profit in a bullish market. Hence, the short-term plan is to do a reset of the portfolio when the bullishness of the portfolio drops below 55%, to raise the bullishness levels to about 60+%, and that may happen sometime next week. That means calling up the broker again to scream names of countries down their throat - precisely my idea of fun late on a weeknight.
You may ask why don't I just set the bullishness stance of the portfolio higher at the outset? That's because there is no free lunch in this world - when the bullishness stance is set too high, I run drawing a large loss in case the market goes bearish. So it's all about getting the risk-reward balance right.
For the folks celebrating V day and/or Chinese New Year, I wish you a fun and enjoyable time and hopefully there has not been too much stress in preparing for these occasions!
No comments:
Post a Comment