This thread tracks real trades in one of my portfolios. Refer to backgrounder for more info.
As I stated last weekend, GDX was wobbling. Its wobbling continued on Monday and I sold it at the close. XLE followed GDX’s lead lower and I sold it as well bringing the portfolio back up to 60% cash.
GDX sucked me back in on Tuesday by rising 2.8% on above average volume and I allocated 30% to the trade. It promptly went back into wobbling mode and I made a partial sell on Friday.
Despite the whipsaws I am only trailing the S&P 500 by 0.5% since the beginning of the tracking period. Including the open positions – it’s a dead heat. Let’s see what the next week brings. I am sitting on 50% cash.
Trade log updated to reflect new trades.
|Symbol||Date In||Entry Price||Date Out||Exit Price||Current Price 12/22||Current % return||Allocation||Closed P/L Overall|
|S&P 500 Since 10/13||3.3%|