Dids/Pexels
This Week’s Trade Exits
As soon as I exit a trade, I note that in the comments of the post where I first mentioned the trade; at the end of the week, I try to track them all in one post. These are the trades I exited this week:
Stocks or Exchange Traded Products
Nkarta (NKTX 0.00%↑). Bought at $10.35 on 3/25/2024; stopped out at $9.48 on 4/3/2024. Loss: 8.3%.
Options Trades
None
Comments
Stocks or Exchange Traded Products
We lost money on this week’s exit, but our core strategy of buying the Portfolio Armor web app’s top ten names, putting trailing stops on them, and replacing each name as it gets stopped out with a new top name, continues to perform well. The most recent 6-month return we have for one of our top names cohorts is for this one, from October 5th of last year. Our top ten names were up 61.35%, on average, versus up 22.62% for SPY 0.00%↑.
You can find an interactive version of that chart here.
Hedged Portfolios Continue To Outperform
In a recent post, we wrote about our recent run of extraordinary performance, in both the top names and our hedged portfolios that are populated with those top names.
That outperformance has continued with our hedged portfolios this week. For example, this was a hedged portfolio created by our web app on October 5th of last year, designed for an investor looking to maximize his returns while not risking a decline of more than 20% over the next six months.
And here’s how that portfolio performed over the next six months:
You can find an interactive version of that chart here.
How does this performance compare to that of the unhedged funds you own? Maybe you should give this approach a try.