Hey Guys,
At this point, I only have one single position in my portfolio. My EFX position hit its profit target this morning and my MES futures position hit its profit target yesterday, so all I have left is CHKP. I think the first day I started this business was the last time I had such a light portfolio!
As many of you can probably guess, I am not going to go out and force any trades just to fill up my portfolio. I am only going to take trades that are supported by the back-tested trading strategy.
For my portfolio to fill back up with positions, some stocks need to start pulling back. We might see some of that soon actually. For one, the market is down a bit this morning. Also the Fed meeting is happening over the next couple of days. Maybe that will ignite some action for us. If the market has a big pullback in response to the Fed meeting (like it has the last few times), I might be well-positioned for that since my portfolio is so light. It would mean that I wouldn't take big losses on the elevator ride down. I could instead step on the elevator after the initial drop. There's no way to tell whether that elevator will go up or down from there, but it would be nice to be out of harm's way during the initial thrust of a market drop and that's how my current portfolio positions me.
If you have any questions or feedback, I'd love to hear from you.