The Reverse Scale Strategy

"Cut your losses, let your profits run." That is the main philosophy on which I run my weekly trades. And no other strategy is ...

Saturday, January 11, 2020

Week 16

This week has been a positive for the market although it did have a small correction on Monday due to US-Iran tensions, it eventually recovered to have positive close by the end of the week.

Whatever the market does, what's important for us is how our portfolio behaves. On the very outset, we still do not have any stocks hitting neither the positive milestone nor the negative milestone of 50% yet so we are still not taking any actions this week.

Overall the portfolio is at a huge positive. We have 5 stocks with gains above 15% and one stock with a loss above 10%.

I have realized my error of publishing the total percentage gains as portfolio gains so I am adding a new column to our google sheet to track actual gains in our portfolio.

With this, we can accurately say that our portfolio has gained 4.56%

This is how the portfolio looks now:

No new additions to the portfolio this week since we have met our quota of 20 stocks.

With this, I conclude this week's rant.

For information on how I pick the stocks please refer to this.

The google sheet for the above portfolio can be found here.

Hoping for the best performance by our selected stocks.

Happy week everyone. 

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