Full Throttle Trading, Part Time Blogging

fullthrottle

For the past few months I have been struggling to make a tough decision. Brooklyn Content is growing at a pace that I simply cannot keep up with.

My freelance writing clients continue to supply me with great work for excellent pay, and I believe that there is virtually no limit to the amount of new clients I could acquire given enough free time. The Amazon FBA selling that makes up the other half of Brooklyn Content is also growing by leaps and bounds pretty much as fast as I can keep up with it.

The only aspect of my online operations that is not growing is DTAYS. As any stock trader worth his salt would agree, I need to cut my losses and focus on the areas of my business that are actually growing and profitable. Of course, that is easier said than done.

DTAYS is my baby. My first real website. It is also something that I am passionate about to a certain extent. While the amount of readers hasn’t grown to the level I would have liked, the 200 or so people that visit everyday are really great people who love the messages I’ve tried to convey here.

While I am pretty much being forced to cut back on the amount of time I have to invest in writing for DTAYS, I have no intention of stopping my trading of the Quantitative Growth Fund. That’s why my compromise, for now, with Brooklyn Content is that I will continue to write the weekend update post every weekend. This will keep another who is following along in the loop with the fund’s progress, but still free me up to work on the business during the week. Much like my trading strategy, I’m going into part-time weekend mode, at least for now.

With all of that in mind, this was a STRONG week for the QG Fund. Let’s take a look:

Overall Performance

The DTAYS Quantitative Growth Fund finished the week with a value of $108,258.72, which represents a return of 8.26% on the year. That brings it pretty close to the year-to-date return of the S&P 500, which is currently up 8.54% on the year.

When we consider the fact that the rules for the QG Fund were dramatically altered at the end of the first quarter, it is up 14.26% since then compared to only 6.20% for the S&P 500. That’s very impressive.

When we do eventually get the huge correction that many have been predicting for multiple years, the QG Fund has mechanisms in place to protect its downside. The S&P 500 has no such ability. That’s where things should get really interesting.

For now, here is what the individual holdings of the DTAYS QG Fund look like this weekend:

qgholdings-082314

Entries & Exits

As you can see, after entering a new position in GILD on Monday, that stock cruised to a nice gain in its first week in the QG Fund. There were no exit signals to worry about this weekend.

Since the SPY is still about it’s 100-day moving average and the QG Fund currently has 2.5 open positions, we need to take a look at all of the stocks from this weekend’s IBD 50 that are sitting at new 20-week highs:

qgscan-082314

I’m pretty sure this is the biggest list of new highs we have seen for the QG Fund this year. That is pretty understandable considering we had a great week coming off of a few weeks that were pretty bad.

We can immediately chop off the bottom seven stocks because they fail to meet our ROC requirement. Then, we can eliminate six of the remaining stocks for failing to pass our HV filter. That leaves us with AKRX, SLCA, SWKS, GILD, TRN, CAR, CELG, and FLT as potential new entries this week.

Of the eight possible new entries, we only need two for the QG Fund, so we will enter new positions in AKRX and SLCA on Monday morning. The fund has roughly 25,600 in cash to be allocated to the 2.5 open positions, which works out to about 10,267 for each of the two new positions this weekend. The orders are placed and we are done for the weekend. See you next week!

Photo Credit: AntoineMeu