Storm in a Tea Cup?
Week 08 - Equity Portfolio Update
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If you listened to Hot Takes with Hank this week. Trend is neutral because we find ourselves between ∆1 and ∆2.
So we find ourselves on a trend basis still in the Green distribution. If the weakness continues we will transition to the Red.
Shared this chart last week. It seems we were right not to worry about a transition… Until it all came in one go on Friday!
If we readjust the calendar for options expiry are we heading into a period of weakness?
Daily timeframe:
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If you leave us here have a great week.
Current Open Equity = 32.4%
Stop Loss Trigger = 28.9%
Current Closed Equity Return = 29.4%
Our open equity outstanding is ~32% since we started in Dec ‘23. We have been able to capture ~29% returns in closed trades, meaning ~3% open equity still belongs to Mr Market. Until we close the trade it doesn’t yet belong to us!
If all our stop losses hit bar any gap risk we hope to close ~29%
It cannot always be rosy! There is no free lunch we have to risk losing to be in the game to win. We could have a -0.5% drawdown on closed equity.
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And our current open positions:
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