After 15 months managing client money - and neglecting my own PF in the process - I re-started trading my own book full time on 2 Sept.
Return over 4 months: 193%.
Obviously this was massively skewed by an unholy move in #EUA (equity + warrants equated to 710% gain), but... 1/4
Return over 4 months: 193%.
Obviously this was massively skewed by an unholy move in #EUA (equity + warrants equated to 710% gain), but... 1/4
I have also revolutionised my strategy. LT investments have been cut to a handful, but sizing has been increased.
Majority of time spent now on ST trades - seeking out (at least quite!) quality Cos that are enjoying the market’s favour and rising with positive sentiment. 2/4
Majority of time spent now on ST trades - seeking out (at least quite!) quality Cos that are enjoying the market’s favour and rising with positive sentiment. 2/4
Leverage also playing a key role in new strategy: T20/40s being used against the LT holds, and a large minority of the PF in IG SB (limited to 150% lev). PF overall ~100% leveraged.
Needless to say, a borderline reckless strategy - but luckily it’s paid off (this time..!) 3/4
Needless to say, a borderline reckless strategy - but luckily it’s paid off (this time..!) 3/4
Aims for 2020: cut ALL fossil fuel related holdings. #RRE disposal will be devastating, as it’s been my largest monetary gain ever. But the state of the global climate is absolutely terrifying.
Don’t necessarily cut losers quicker, but weigh up cost of capital ceaselessly! 4/4
Don’t necessarily cut losers quicker, but weigh up cost of capital ceaselessly! 4/4
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