And then there were 2.
Just two positions remain in our Long-Term Portfolio now, short puts we sold against HOV an EGLE that are "losers," so far. Of our other 29 virtual trades, which we finished closing today, only 3 have a loss, which gives us an 83% winning percentage – which is pretty much in-line with our usual performance for PSW Members (see our Trade Reviews).
If you want a quick summary of my reasoning for getting back to cash – it's the same one I had back in March, when we cashed out our Income Portfolio. I was interviewed on TV at the time, where I made my case for caution. Since then, the S&P is up from 1,890 to 1,920 and that rubber band is simply stretched too tightly for our liking now – so we cash out our more aggressive portfolio too.
Without further ado, here's our trade history in the Long-Term Portfolio, which died a sudden death on May 28th and 29th (there were a lot of positions to close) of 2014, at the age of just 6 months:
IN PROGRESS
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This entry was posted on Thursday, May 29th, 2014 at 5:02 pm and is filed under Uncategorized. You can leave a response, or trackback from your own site.
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