Hello, I hope you are all well and settling into the Autumn period.
It has been a very interesting year in the markets, albeit thankfully a profitable one. There are many things I am proud of, such as beating the S&P fourfold without using options, margin, or leverage. However, resting on laurels is not what SixSigmaCapital is about, so I am keen to reflect on things I could have done better. (By the way, reflecting is an underrated practice!)
Trading
Reflecting on the year, here are a few areas for improvement:
While I timed the April bottom well, I overtraded on the way out due to concerns about the macro setup. This cost me some performance, and I will take that on board going forward.
I achieved a very high success rate on my swing trades, but the sizing was often closer to 2-3%. This meant a 50% move on the position would only impact the portfolio by 1-1.5%. I have since made changes, and recent swings have been weighted in the 3-5% range to move the needle more.
I had a few 1% positions which, on balance, are often not worth the headache. Going forward, I will avoid them.
SixSigmaCapital Newsletter
I started sharing longer-form content on this platform at the end of May and for the first few weeks, I was writing into the abyss and sharing ideas with a small group of people. Now, a few months later, the community has grown substantially!
We now have reached 2,000 total readers which is a nice little milestone.
I have genuinely been working really hard at this to ensure people get value from it. With that being said, I want to offer a sincere and huge thank you to everyone who values my work and has joined. I very much appreciate you all.
What to expect going forwards
Weekly preview each weekend includes highlighting upcoming economic events, Earnings Reports, Interesting Charts plus Portfolio Update
Stock Write ups on Actionable Stock Ideas (NVO write up coming this Week)
Ad-hoc Investment Philosophy and Processes (accessible via the Investment Philosophy Tab on the Home Page)
Monthly Market review plus Portfolio and Performance Updates
Live Portfolio and Trade updates (All Buys and Sells) for Premium Subscribers on Subscribers only channels (Substack, Discord)
This upcoming week should be an interesting one with the interest rate decision to be announced on Wednesday, September 17. Should be a market mover.
On that note, enjoy the weekend and I will see you all Sunday for the next ‘Preview of the Week Ahead’ post for the upcoming week commencing 15th September.
Thank you for reading, ensure to subscribe to the plan that suits and see you for the next one!
How would you recommend a new subscriber play your current holding if they like a particular bet?
For example, $hrow was ripping today. Starting a new position when it's up 10% in a day feels intimidating.