The month of June was a tough one for the Greed and Fear model portfolio. The neural network made a lot of false predictions. It wanted to go short for most of the month, but that didn' t work out too well since the S&P 500 rallied most of the time. And the occasional long signal also turned out false.
There were three long trades, all three losing trades. One was stopped out overnight after some Twitter messages, where the futures suddenly dropped 50 points and then quickly recovered. The other two trades went almost directly from entry to stop loss after which prices continued to fall to close 5% lower on the day. That's why having a fixed stop loss in place is so extremely important.
That's just the nature of trading, you can do everything right and still lose money. In total, a loss of $2543,00 was posted. The yearly result of the Greed and Fear model portfolio for 2020 has been updated.
The huge market recovery since the March lows has surprised many traders and investors. Just look at the guru predictions I collected during these volatile times.
Anyway, for the Greed and Fear portfolio, another green month was added. The month started with a regular losing trade that went straight to the stop loss. The next trade almost exactly compensated for this loss. Then a third trade put this month well into the green with a net monthly result of $1682,-
The yearly result of the Greed and Fear model portfolio for 2020 has been updated.
This month started with a continuation of the volatility of March, so I was very hesitant to put up a trade. Then later this month, the trade that was set up never hit its limit. Two days later, I tried again for the same anticipated trajectory and this time it hit perfectly making it one of the biggest wins in a single trade with a single future (116 points).
For the month of March, no trades were made in the Greed and Fear portfolio. The daily volatility was just too big to find any sensible entry and stop loss.
Up until now, it looks as if we may have found a bottom in the major indices on March 23rd. Recovery from that point on looks credible.
After a negative January, another losing month is posted. In February the Greed and Fear model portfolio lost $768,50 in only one trade. Not much later, we had a couple of the craziest trading days ever since the 2008/09 crash
All daily articles with regard to the short term market movement will go here.
This page will show all actions performed by the Greed And Fear TradeBot. The tradebot is still in development and it will take some time for this to be integrated into the website. The current idea is to have the Greed and Fear Tradebot post al its actions to the Twitter stream. Development is going very well, and things look very promising.