Portfolio Management for September 9, 2015

Yesterday's opening gap made my plan much more difficult to execute as it because it rendered the chasing game much more risky. Hence, I finally only opened a new short GPC position, which is under water, as the market pulled that stock higher in the afternoon.

You can see below GPC at the time of trade execution and GPC by the end of the day.







The Portfolio is doing fine, even though it is only 40% invested.



You can see below that the portfolio has not lost money for any quarter for the past two years even though I can recognize that I made many mistakes. My real advantage is that the EV pattern often tells me in advance when trouble lies ahead or whether I can keep a position. The major issue are price gaps. When they are too strong, they tend to kill most new trading ideas.



The trade ideas for today are below. I am not interested in any of them.



I am mostly interested into XME/XLE as they look rather weak.