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!
(1) The Quiet Luxury Of Billionaires | What The Top 0.01% wear - YouTube
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1:35 Brunello Cuccinelli 2:20 Stefano Ricci 2:53 Cesare Attolini 3:31 Loro
Piana 4:15 Kiton 5:19 Brioni
5 hours ago
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