Markets rallying again, like I said last night, expectations have been so low (and perhaps fear still so high?) that Apple’s just okay quarter is met with broad based buying. Apple up more than 5% specifically and up $20 from its post-warning day’s low back just three weeks ago.
Something I want to address is this question:
Regarding TWC and the hedge fund, this is where I’m still confused, and I don’t think I’m alone. You are doing a fine job of reviewing what and why you’re buying for the fund. Yet there have been NO comments/alerts on the TWC “portfolio” or individual elements in it (except when asked).
Your next Latest Positions on TWC should help that — but for those of us who are not wanting to add to the total size of our investments (and, in fact, are re-trenching into cash a bit per your advice), how do we handle these (almost all) new (and they sound smart!) recommendations for the hedge fund? And are you holding NONE of the TWC portfolio stocks for the fund? How do we balance the two batches of recommendations? What is the difference in buying/keeping philosophies between the two? 10,000 days for each, right?
My prior answer to this in the chat last week was insufficient (and needlessly emotional). I want to be clear that when I do get my family all back home and I’m not traveling back and forth to spend days and nights with Amaris, I’ll be able to devote much more time to writing for Trading With Cody again. It’s been terribly unfortunate timing that I haven’t been able to clearly delineate some ideas about how subscribers can use the hedge fund updates/Trade Alerts along with the usual Trading With Cody personal portfolio analysis.
But I also know that you guys don’t owe me anything and you want answers to these questions and I’m in the results business so let’s get to it.
I do own quite a few of the Trading With Cody personal portfolio stocks in the hedge fund, as I’ve outlined in past Trade Alerts this month. And I’ve obviously just have not been able to focus on trading the personal portfolio for the last month, as my focus is on the hedge fund launch and my family.
The good news is that I’m going to be running the hedge fund portfolio using the same ideas, concepts, analysis, risk aversion, etc that I’ve used all these years that so many of you have been following me. I will continue to trade my personal portfolio and will make sure I am offering insights for the personal account first and foremost and then from the hedge fund perspective as a complement to that primary personal account analysis.
As I noted in last night’s post, I think I got a little too aggressive trying to balance my longs with shorts and flirted with forcing trades. So I’ve pulled back on those shorts. And now that Amaris is not critical and I’ve got my feet back underneath me and I’ve got the portfolio built up towards what I’d like it to look like for now, there won’t be as many new positions all at once like there has been the last few weeks.
That will help subscribers get back to a sense of how to use new ideas and other Trade Alerts from the hedge fund and how it applies to their personal portfolio strategy. Along with that, when I get the family back home and things stabilized there, I’ll make sure I explain the strategies, risk/reward scenarios and concepts of each trade just as I’ve always done. Trading With Cody subscribers will be able to make educated decisions about each idea just like they’ve always been once again too.
As noted above, I do own quite a few of the Trading With Cody personal portfolio stocks in the hedge fund. And I’ll do a Latest Positions update that will include most of the hedge fund names that aren’t already in the personal portfolio too.
I really do appreciate all of the veritable patience you dear Trading With Cody subscribers have given me during the last month.
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