Go For Broke

Friday, December 31, 2021 -- $91,124.28 (-$1,640.54, -1.77%) Well, I guess I was not due for an up day.  The losing streak continues into the new year!  My Dogecoin position is down just a little ($41,11) and I moved out of CCL and into NCLH and this helped me a little bit.  So, after some wild and crazy swings, the portfolio is down just about 3% since inception.  If I was planning on retiring soon, these wild swings might have given me a heart attack. With the Nasdaq flat and the S&P500 and Dow up just about 1% in the past week this has got to be one of the wimpiest Santa Claus rally's on record.  The portfolio fared much worse this past week, dropping 9.83%.  Maybe next year things will get better?  Omicron seems to be looking more and more like the vaccination for the anti-vaxxers.  Perhaps the pandemic will move down to endemic status soon!  Happy New Year!

Thursday, December 30, 2021 -- $92,764.82 (-$571.72, -0.61%) Another up day for the market and another down day for the portfolio.  Does this sound familiar?  Although this is the fourth consecutive down day for the portfolio, at least it was down less than one percent today.  I think I am due for an up day tomorrow, so I am going to take a small, around $10,000, position in Dogecoin.  While I think Dogecoin's intrinsic value is very close to zero, this is a short term momentum play.  The nice, and simultaneously not-so-nice, thing about this blog is that I get an immediate report card indicating how I am doing with my trades. Tomorrow is the final trading day of the year and while the portfolio is down, the broad markets are experiencing the Santa Claus rally.  We will see if it holds out through the close of trading for the year!

Wednesday, December 29, 2021 -- $93,336.54 (-$2,463.53,  -2.57%) Another up day for the market and another down day for the porfolio.  While, for hedging purposes, it is often good to have a portion of your portfolio negatively correlated with the market, it still kinda sucks when your entire portfolio is negatively correlated with the market when the market goes up.  The portfolio is now back down below its original starting value.

Tuesday, December 28, 2021 -- $95,800.07 (-$3,141.69, -3.18%) The market closed mixed today and the jury it is still very unclear on whether this will be a Santa Claus rally year.  Unfortunately the portfolio suffered because cryptocurrencies plummeted.  CCL held up well--it was don't only slightly--despite news reports of COVID cases being found on 89 cruise ships and calls to suspend cruise ship sailings.

Monday, December 27, 2021 -- $98,941.76 (-$2,120.29, -2.10%) The market was closed on Friday and today marked the start of what could be a Santa Claus rally--since 1950 the market has been up between Christmas and the end of the year almost 80 percent of the time.  Unfortunately, though the broad market was up my positions were down.  Perhaps I was not a good person this year and this is my lump of coal.

Thursday, December 23, 2021 -- $101,062.05 (+$772.34, +0.77%) For the first time in over a week, the portfolio value changed by less than one percent today.  Mostly it was CCL dropping and Ethereum rising a little bit more than needed to offset the CCL loss.  We are now at the Christmas break--tomorrow is a holiday and we will see if there will be a Santa Claus rally this year.

Wednesday, December 22, 2021 -- $100,289.71 (+$3,612.88, +3.74%) The market continued its upward trajectory, as did the portfolio, now having risen for four consecutive days and it back over $100,000!  Yay!  You may notice that I have sold the one share of HL that was Robinhood's account opening gift.  So now I just have three positions in the portfolio, one stock, CCL, and two cryptocurrencies, ETH and ETC.  The porfolio is up over 23% over the last four days.  If only I could figure out how to avoid the down days, I would be doing fantastic!