In the autumn of 2017, just for the hell of it, I decided to put on my bull outfit and choose what I considered were the best patterns for long positions. I then bought a pretend $6,000 of each one of them and left it in my spreadsheet ever since. Here is where the portfolio stands right now (the rows show the symbol, the net dollar change, the net percentage change, and the present value compared to the original $6,000 investment):
Liquidity moves markets!Follow the money. Find the profits!
The unusual thing is that this is a “set it and forget it” portfolio. No stop-losses. No targets. Just buy and hold forever, no matter what.
There are a couple of interesting things I notice:
- The “chart-picking” actually helped. The return to date (21.36%) beats the S&P 500 by almost 20%.
- Plenty of the stocks are down about 25%, but overall the portfolio is profitable thanks to a big champs, particularly ETSY (of all things) which has nearly quadrupled.
In the end, the effort put into using SlopeCharts to pluck out some favorites has stood the test of time.
Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.