Performance 5/8/20

The DJIA is up over this 3% this week, despite today's jobless claims of historically high unemployment of over 14%, a number that has not been seen since the Great Depression. Speaking for myself, my discretionary trading would have had me trying to short the hell out of this market! As I write this post, the DJIA is up over 300 points. The disconnect between the market, economy, the news, and reality is more evidence for me as to why building and managing an active portfolio is my way forward in my retail trading endeavor.

The drawdown this week was mostly due to my discretionary trading, I closed $HAL and $ENBL last week for a good profit, then I second-guessed closing $HAL this week, hopped in and out of it this week with a loss. The trader in my wants to be in and out of the market, I had to remind myself that retail trading needs to be slow and steady, it is not sexy. It is like watching a baseball game with a lot of single bases hits. 

I'm calling it quits for today, today's trading consisted of rebalancing my portfolio, and writing this post. Tried adding a YTD chart,  it was B*** getting the below data and chart to show decently. Maybe next week?

Hope you all stay safe & trade well!


Active Portfolio Management

Evaluating Investment Performance

To assess how well your investments are doing, you'll need to consider several different ways of measuring performance. The measures you choose will depend on the information you're looking for and the types of investments you own. Learn more.

Asset Allocation

Asset allocation is a useful tool to manage systematic risk because different categories of investments respond to changing economic and political conditions in different ways. Learn more.

Diversifying Your Portfolio

When you diversify, you aim to manage your risk by spreading out your investments. You can diversify both within and among different asset classes. Learn more.

Rebalancing Your Portfolio

As market performance alters the values of your asset classes, you may find that your asset allocation no longer provides the balance of growth and return that you want. In that case, you may want to consider rebalancing your portfolio. Learn more.