Portfolio Management for April 25, 2014

Yesterday was a difficult day since I had to manage the wrong footed QID position in the wake of AAPL's outstanding report. Fortunately, we had an early bounce, and during that time I sold the QID position. Later in the day, I bought a less volatile SDS position so as to stay short the market.

Indeed, beside this SDS position, I only have a long ADS and a short CMG. I also closed the short CPWR position at a small loss. There was no specific reason for me to do so except that I had loss conviction.

The general risk on the portfolio is relatively small.



The trade statistics for the Portfolio Management are still improving and I hope to be able to keep it that way. You can see that the return for a 5 positions portfolio was 27% since last September, while on average, the portfolio was only 35% invested. This latest figure is too low. However, my focus is to limit risks in an uncertain market.



For today, the trade ideas can be seen below.
The most interesting are probably a short of either UPS or FDX. Both missed earnings because of bad weather. This means that there is no upside at all in these two stocks and since we are ahead of the difficult May and June months with a continuation of the Fed tapering, shorting these stocks should not carry much risk.