3:35 p.m. New York time
Two exits, AXE from the momentum portfolio for $85.07 and UCTT from the upgrade and revision portfolio for $22.65. Both were losses.
Given the turnover in the momentum portfolio, I replaced both vacancies with upgrade and revision trades, BCMH for an entry debit of $29.24 and EIG, $42.32.
AXE produced a 0.8% loss over one day for a -283% annual rate. EIG’s loss was 1.4% over four days for a -131.04% annual rate.
Given the high turnover in the momentum portfolio, I’m moving all funds freed by momentum exits to the upgrade and revision portfolio, which is less volatile.
By Tim Bovee, Portland, Oregon, November 19, 2019
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.
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