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!
May 3rd, 2024: SP-500 Chart Update
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2:05 pm EST: The SP-500 gapped up from 5065 to 5122, quickly hit 5139
(day’s high), dropped to 5101 (day’s low), then rose steadily to 5130… Key
Technica...
4 hours ago