Over the past month I have focused much of my free time on trading research. Currently my focus is on two research areas, breakouts and bear market turning points (I’m currently studying the markets during WWII and 1970s).
Unfortunately, this has taken some time away from this blog. I have done a good job of laying out trading ideas that have been on the mark for the most part, but something had to give, and it was my personal portfolio updates and trades. I like my trade updates to be the same day I make the trade and lately I haven’t been able to do that. I thought about posting them a few days later, but that opens up doubt within my readership as to the validity of my trades, so I decided not to do that.
To remedy this, I am going to create a virtual trading portfolio. This will take the stress out of trying to update my trades as quickly as possible. Many of the trades I make in the portfolio will be trades I am making in my own account, some will not. Rather than just posting trades, I will focus on the strategy behind each trade. I also plan to track the portfolio with detailed portfolio results and periodic reviews. I will be a great learning tool for both you and me.
I started the porfolio today, taking short positions in gold and oil, and long positions in a few select stocks. I will update the portfolio this weeknd.