With this past Thursday being the last trading day of the month I like to update all the stocks in the PM Stock Trading Portfolio. With a large portfolio like this I will update it once a month to do any fine tuning and adjusting the sell/stops if needed. If any important changes occur during the month I will bring it to your attention.
I like to update the portfolio at the end of the month so we can see what each stock did for the month after all the back and forth trading ends. You will see a blue circle on the monthly charts, up in the right hand corner of the chart, which shows how many points and what percent the stock did.
Before we look at the charts I would like to explain to our new members how the portfolios are set up. We have 3 different portfolios, the Kamikaze Portfolio which can be extremely volatile and isn’t for most members. There is the PM Stock Trade portfolio which is maxed out currently with PM stocks for the first time in a long while. The March 23rd low produced one of the most volatile V bottoms I’ve seen in a long time. We began to accumulate our PM stocks on April 2nd and over the next several weeks. The 3rd portfolio is the Leveraged Portfolio which trades mostly 2 X and 3 X etf’s.
Each portfolio starts out with $100,000. When I buy a stock I will only use $5,000 which will give me 20 positions max. If you have $10,000 woking capital or whatever you have I would recommend breaking it down in to smaller lots mostly for risk management. It’s the percentage move we are after which is the same with one share or 1000 shares.
My initial goal is to trade the intermediate term trend which can last for months. There are times when I will trade for the short term but the intermediate trend is where the real money will be made if one doesn’t try to trade it. During a strong intermediate or impulse move there will be small consolidation patterns that will form along the way but if you know you are in an impulse move you will look for these 3 to 6 week patterns which will give you a reference point on where you are in the intermediate term move. Normally after you see 3 small consolidation patterns form you know the impulse move is getting mature and is going to run out of gas soon.
I believed we are positioned extremely well to take advantage of the current intermediate term move. We are just 2 months into this move so there should be more fireworks ahead in the PM complex. Remember big patterns equals big moves. Stay safe and enjoy the weekend. All the best…Rambus

Portfolio Charts for members

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