My portfolio was up 8.9% in 2010. It is disappointing given that the S&P500 was up 12.8% (15.1% including dividends).
The reason for the lackluster number: not following my stops. On at least 5 occasions I did not have a hard stop in place and I decided to hold on to the trade after it went against me, for much larger losses. I should really put a hard stop in place every single time.
It is now 2 year in a row that I underperform the S&P500. Time to step up my game!
April 25th, 2024: SP-500, QQQ and IWM Chart Update
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6:55 m EST: The SP-500 gapped down from 5071 to 5020, quickly hit 4991
(day’s low) and then rallied the rest of the day to 5058 (day’s high) and
closed a...
7 hours ago