And the Market taketh away . . .
The market took my gains from yesterday and helped itself to a little more of my portfolio--down 1.99%. I'm on the precipice of being down 13% for the year, a bridge I've never crossed before. I know that drawdowns are part of this whole gig, and I'm fully prepared to take a 20% hit--but that doesn't mean I have to like it.
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If you come to a precipice and there's a bridge, you should consider yourself fortunate. ;>
I guess I shouldn't mix word pictures. There is no bridge, and today I've taken the plunge.
I trade micro cap, value stocks using Zacks rank and things have really turned around in the last ten days, so I'm surprised things aren't picking up for you. Hang in there.
well, I followed a few of the mechanical screens here and ended on a positive note for the week! Nice.
Anonymous...do you use an AAII screen for those microcap value stocks? I'm thinking particularly about the Oshaughnessy tiny titans or another one of his screens?
anonymous to anonymous
I use Zacks premium screener. The factors I use are Zacks rank, PS ratio, capitalization, and volume. My port maxes out at 4 stocks, so it's a volatile life. I'm currently down 11% YTD, but was down 18% YTD two weeks ago.
O'shaughnessy and AAII are the two best sources for learning about screening, but I think it's best to trade a personal variation of a screen that you like and understand.
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