Yesterday, I sold the GDX, AMZN and CMG short positions.
I still believe in the underlying stories, but risk management is more important and hence, I will not fight a tape that pushes higher.
As you can see below, I now only have the UWM long, which I intend to sell today as it is under-performing the S&P500.
The returns since September are shown below.
On April 28, the returns were 28.47%. The portfolio has lost 1.19% since then. This is not catastrophic and is due to my decision to keep the CMG short trade, hoping that it would break lower sooner than later.
I updated the portfolio management analysis section (see below).
I added a draw-down analysis.
http://www.effectivevolume.com/conte...ng-performance
I do not plan to trade much today. However, if we have a 20DMF strong day, I'll keep UWM, but if we have a weak 20DMF, I'll probably switch to TWM.