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dirtyharry

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dirtyharry

  • Returns
  • Today-1.91%
  • Monthly Avg-4.53%
  • (Vs. S&P 500)-7.85%
  • YTD-39.54%
  • Stats
  • Member SinceAug '08
  • Trades/Month27.5
  • Risk
  • Volatility (STD)High
  • S&P Correlation (R²)29.1%
  • Beta-2.12

“Make Your Own Rules„

After the recent market blow up several things have become clear: The old rules are dead and value is dead. Excellent companies are punished for no reason, while junk companies soar on "negative earnings" and pure speculation. It's not the first time this has happened and it won't be the last - but it's the last time I'm going to get burned in the chaos.

I have changed my approach as of May 2009 both here and in my personal portfolio. I now seek neutral spread trades that profit whether the market goes up or down. These are the types of trades that don't care about the madness that's going on around them.

I will still go long stocks, and short from time to time using ETFs. However, the main trades are going to be large spreads that are seeking 3% - 6% gains in a 3 to 14 day trading window. This is now achievable in a regular equities trading account using both leveraged and unleveraged ETFs. Sometimes severely depressed issues will be purchased as well on the anticipation of a sharp market recovery.

http://www.freevaluestockpicks.com

Portfolio Breakdown

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