My portfolio uses trend-following and chart-reading techniques. It may take big risks in some situations in an attempt to outperform the markets. I tend to close positions and cut losses quickly if the trend shows signs of changing. I use chart patterns to identify stocks to buy.
The portfolio uses long-and-short-term technical breakouts, breakdowns and reversal patterns to identify position entries and exits. Volume is also considered when establishing a position.
The portfolio may buy stocks hitting multi-day and multi-month highs and lows, and may also enter positions when I see reversal patterns.
The portfolio may invest a large portion in a single security if an exceptional opportunity is identified. Most positions will make up 30% or less of the portfolio. The portfolio may take big risks when I believe that the timing is right.
The portfolio will attempt to close a position when the trend begins to go against it. The loss-cutting approach may vary based on the trading characteristics of the individual stock being analyzed, as well as the level of volatility for both the individual stock and the market.
If a stock moves quickly, the portfolio may incur a large loss. When this occurs, the portfolio may not immediately sell, instead waiting for some of the loss to decrease.
Past performance is no guarantee of future results.
Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions and broker commissions. Manager returns include trades and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
Average client returns are calculated by Covestor and are composed of the average, time-weighted returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, earnings distributions, brokerage commissions and Covestor advisory fees.
All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. Benchmarks presented are total return and therefore inclusive of cash, dividends and earnings distributions but not transaction costs.
Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications are provided by Covestor, and are intended to serve as a general guide.
Transactions that are marked as "Replicable" passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual
client constraints. Eligibility for replication may change over time. Actual client investment trade activity may vary.
Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.