All-time maximum profit earned since 2011: US$143,463.32 (new high water mark!)
Current drawdown from all-time maximum true profit earned: US$0
Change from last update: Up US$822.06
Directional stance: Portfolio is 57.95% bullish
The Chinese New Year rally appears to be in swing as the S&P 500 and the portfolio hit new highs together. As promised, it has proven to be a slow grinding journey up with the S&P 500 putting in a modest little green candlestick this week. In a bull market, the market tends to grind higher in a boring way, and that's exactly what we are getting now. And when the market gets too boring, we'll get a pullback once in a while to spice things up a bit. When the markets are not really moving much, there's nothing much a Singaporean retail trader can do, except eat, drink, and be merry during CNY!
Just one more kueh bangkit, please. I promise I'll go for a run tonight.
I did mention last week that a reset of the portfolio may be necessary if the bullishness level of the portfolio drops below 55%. This is what I expect to happen when the market carries on rising. Well apparently it's risen so slowly that a reset has not been necessary. So we continue to wait.
Stay healthy, stay foolish!
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