1:10 p.m. New York time
I spent the day reworking and filling out my shares portfolios into a form more to my liking.
The Momentum Portfolio has turned out to be far too volatile for my liking. A symbol meets the criteria, only to drop out the next day. I’ve decided to give it axe.
So I eliminated the losing positions, MUSA and ORN, while retaining one winning position, SEM. Another position, NSIT, appears in both the Momentum and Analyst Updates/Revisions portfolios, and I eliminated it from Momentum. It will be judged solely by the Updates/Revisions criteria.
MUSA produced a loss of less than half a percent over nine days for a +1.7% annual rate. ORN produced a -1.0% loss , also over nine days, for a -30% annual rate.
One tenant of the Zacks trading methodology, which I use for shares, is to hold all of the symbols presently meeting a screen’s requirements. In order to bring the Updates/Revisions portfolio into compliance, I added a number of positions: AMAT, AUY, DECK, EBMT, FCN, FSBW and RH.
A heads up: Friday is the day I manage profitable options positions, 21 days before expiration. However, since it is a truncated market day, as the day after the Thanksgiving Day holiday, I shall manage positions on the following Monday in order to increase the odds in favor of a liquid market.
That’s it. To all American readers, have a wonderful Thanksgiving feast! To the rest, have a wonderful rest of the week and a fantastic weekend!
By Tim Bovee, Portland, Oregon, November 27, 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.
All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Based on a work at www.timbovee.com.