top of page

Honest Board: Trade updates



Everyone has an opinion about the stock market these days. But talk is cheap. Only 15% of actively managed US equity funds outperformed the S&P 500 last year.


It might come across as arrogant to say that we are only interested in being right. But we have done this long enough to know that investment research is only useful if it can help people make money. This is why our aim has always been to (1) make actionable predictions and (2) build a track record of producing more money-making ideas than money-losing ones.


Only time will tell if we manage to build such a track record. Meanwhile we want you to know that we are accountable for our calls. This is why we have created a permanent honest board. From now on, we will start producing a weekly update on how our trades are doing.


David's trades:


In David's medium-term portfolio (The Money Game) we bought KWEB and CNYB at the open on Monday. No other changes.

Portfolio

Ticker

Date entered

Entry

Last close

Size

Medium term

KWEB

36.54

36.14

​10%

Medium term

CNYB

5.60

5.60

100%

Medium term

DIS

152

157.83

100%

Medium term

CCL

20.25

21.90

50%

Medium term

TBF

16

16.67

50%

Medium term

XOM

64

68.88

50%

Medium term

Short EUR/USD

1.16

1.1365

100%

Closed trades year to date = 0

Closed trades that made money = 0

Closed trades that lost money = 0

Closed trades that broke even = 0


An archive of our closed trades is available here.


John's trades


In John's short term portfolio (More Buyers or Sellers) we sold our VOD and TLRY positions at the open on Monday. We went long KWEB on Monday. On Tuesday we went long and then stopped out of SNOW. On Friday we closed out our remaining position in ZNGA.

Portfolio

Ticker

Date entered

Entry

Last close

Size

Short term

KWEB

35.77

36.14

50%

Short term

NNDM

4.62 (avg)

3.81

100%

Closed trade year to date = 4

Closed trade that made money = 1

Closed trade that lost money = 2

Closed trade that broke even = 1


An archive of our closed trades is available here.


S&P sector portfolio


Sector portfolio relative to SPY: -15bps


An archive of our closed trades is available here.







446 views0 comments

Recent Posts

See All

Comments


Subscribers please log in to view the content

bottom of page