Loading ...At the close of Tue May 15, the price of EFA had fallen so much that my rules for the hypothetical “Modified Ivy Portfolio” dictated that I begin exiting the long position on EFA early, as it was so much lower than the threshold value that it is extremely unlikely to be a “buy” by the end of the month.
Therefore, per the rules I laid out, here is what happened: continue reading…
At the close of Mon May 14, the price of EEM had fallen so much that my rules for the hypothetical “Modified Ivy Portfolio” dictated that I begin exiting the long position on EEM early, as it was so much lower than the threshold value that it is extremely unlikely to be a “buy” by the end of the month.
Therefore, per the rules I laid out, here is what happened: continue reading…
At the close of Fri May 4, the price of DBC had fallen so much that my rules for the hypothetical “Modified Ivy Portfolio” dictated that I begin exiting the long position on DBC early, as it was so much lower than the threshold value that it is extremely unlikely to be a “buy” by the end of the month. Since I had already begun this early exit last week, this action represents a continuation of that exit.
Therefore, per therules I laid out, here is what happened: continue reading…
At the close of Fri May 4, the price of DBC had fallen so much that my rules for the hypothetical “Modified Ivy Portfolio” dictated that I begin exiting the long position on DBC early, as it was so much lower than the threshold value that it is extremely unlikely to be a “buy” by the end of the month.
Therefore, per the rules I laid out, here is the transaction that I added to my portfolio: continue reading…
Per the rules for the hypothetical ”Modified Ivy Portfolio”, here is the transaction that I added to my portfolio:
- On the close of Thu Feb 23, the price of EEM was so far above the 10-month closing average (assuming that was the last day of the month) that it would almost certainly not be a “sell” by the end of the month. There were only 4 trading days left in the month at that point, and there were no 4-day periods out of the last 30 such periods where the price of EEM dropped more than the cushion that EEM had earned at the close of Feb 23.
- My rules dictate that I continue exiting the EEM position, in this case meaning to “buy to cover” because it was a short position.
- Ideally, I would reduce the position by 1/4th each day until the end of the month. But to minimize commissions, I buy 5 days’ worth at a time. There are only 4 days left, so I exited the remainder of the position. Thus, I did a “buy to cover” of 65 shares of EEM at 5 minutes after markets opened on Feb 24.
All of this is accurately reflected in my current portfolio now.
At the close of Tue Feb 21, the price of DBC had risen so much that my rules for the hypothetical “Modified Ivy Portfolio” dictated that I begin exiting the short position on DBC early, as it was so much higher than the threshold value that it is extremely unlikely to be a “sell” by the end of the month.
Therefore, per the rules I laid out, here is the transaction that I added to my portfolio:
- On the close of Tue Feb 21, the price of DBC was so far above the 10-month closing average (assuming it was the last day of the month) that it would almost certainly not be a “sell” by the end of the month. There were only 6 trading days left in the month at that point, and during no 6-day period out of the last 30 such periods had the price of DBC dropped more than the cushion that DBC had earned at the close of Feb 21.
- My rules dictate that I begin exiting the DBC position, in this case meaning to “buy to cover” because it was a short position.
- Ideally, I would reduce the position by 1/6th each day until the end of the month. But to minimize commissions, I buy 5 days’ worth at a time. So, 5/6ths of the position is about 271 shares. Thus, I did a “buy to cover” of 271 shares of DBC at 5 minutes after markets opened on Feb 22. I will do another round of what is left five trading days from now if the conditions are still warranting the early exit.
All of this is accurately reflected in my current portfolio now.
