Wicked Momentum Unwind!
Intra-Update-Update
The line in the sand is ~5990
Current Open Equity = 35.7%
Stop Loss Trigger = 33.2%
Current Closed Equity Return = 30%
Our open equity outstanding is just under 36% since we started in Dec ‘23. We have been able to capture 30% returns in closed trades, meaning ~6% 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 barring any gap risk we hope to close ~33%
Subscribe to see the portfolio. You can do it for free using the 7-day trial if you want.
And our current open positions:
Example of positions to be closed on the open tomorrow.
Please subscribe to see more of the portfolio we are constructing.
New user guide - Paid Portfolio Posts
Latest Hot Takes with Hank - I can talk faster than I can type! This is an unscripted stream-of-consciousness type babble while walking my dog. Random thoughts that are possibly helpful to maybe 3 people :)
Subscriber Discord
Keep reading with a 7-day free trial
Subscribe to Buy Strength, Sell Weakness to keep reading this post and get 7 days of free access to the full post archives.