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!
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