Tuesday, January 21, 2014

Lack of Blogging due to Lack of Trading Opportunities

I've had a hard time finding the right opportunities in stocks in the last few months.  

A Recap of 2013:
- Underperformed the market pretty badly.
- Removed some of my underperforming positions in SBT, I experienced regret of selling early, as I had thought the thesis of consolidation of this market would make SBT the stock to benefit from likely takeover.  However, the stock ended up selling for only slightly more than the offered price, so I was able to be close to a wash on the position.  I did however lose on the devaluation of the GBP on during the holding period.
- I had some big losing positions, going for big short calls in LULU, GME,   I was fairly early on the call, whilst I made a small profit on my LULU call, trading 3 of it's quarterly earnings (one gain, one break even and one loss) whilst losing from the beginning of the GME position. 
- I was heavily tilted into precious metals, my positions in GDX, GLD, SLV, AG all dragging down the overall performance in my portfolio.  The positions are outperforming the majors a few weeks into 2014.
- Completed 1474 trades so far.
- Learnt how to use R for performance analytics, optimising stock portfolio weights, economic forecasting and modeling.