Well, another stock perished as a result of further selling on Monday. Fortunately, I shorted ELY immediately afterward, and this helped to mitigate some of my losses.
I now feel that the stock market has entered a sideways trend, and the buyers and sellers are at about equal strength (for now). Interestingly, my system has caused my portfolio to be partially long and partially short, which I think makes sense in a trendless market.
Here is how my stock account looks going into next week:
- Long BDD
- Long CAKE
- Long CSC
- Short ELY
- Long EWA
- Short NPBC
- Long OCN
- Long RHT
- Short VLO
Anyway, here is a look at the newest addition to my stock account:
Thanks for reading.
