The Failures & Successes of DTAYS

failure

About two and a half years ago, I started Don’t Talk About Your Stocks with this crazy idea that I was going to attract hundreds of thousands of readers and make a fortune by allowing brokers to advertise on the site. Perhaps there would even be affiliate marketing deals with particular brokers. I might even be able to sell some ebooks that I made from combining my best posts. In that respect, DTAYS has been an epic failure.

Those crazy traffic numbers never materialized. Almost no one finds my site through Google. Worst of all, most of the people who do stumble on to DTAYS leave immediately because they are just looking for “hot tips” to follow blindly. I thought it sounded like a good idea to openly admit that I’m making this up as I go, but it turns out that most people prefer the slimy used car salesman approach. Not my bag.

What is interesting about the evolution of DTAYS is that while the traffic and monetization goals were never reached, there have been plenty of great successes that I didn’t necessarily expect to find. I have formed great relationships with dozens of really smart traders who take the same non-salesman approach to trading that I do. I’ve interviewed 16 different traders in a series that provides a solid background of the options for someone exploring different types of trading. I’ve even developed my own mechanical trading strategy that has a strong performance record over almost 11 years.

For those readers who have been with me through my entire trading evolution, I would imagine it has been an interesting journey to observe. I started as a CANSLIM advocate, but then realized that I needed more concrete rules due to my issues second guessing every move. Then I went on a year-long journey exploring different types of systematic approaches including trading indexes, options, futures, and forex. Interestingly, all of that experience brought me back to trading the same CANSLIM growth stocks, just with a more mechanical approach.

In addition to creating a proven trading strategy that works perfectly with my personality, DTAYS has also led to my growing freelance writing business. I started out with a few financial clients and have evolved from there into an expert in creating hyperlocal content that really helps small businesses improve their traffic and conversions. I’ve also started a new project that has more potential than DTAYS ever had, mostly because I have learned from all of the mistakes I’ve made along the way.

So what does all of this have to do with the QG Fund? Nothing really, but it’s my site so I get to write what I want.

The point is that if you are considering starting a stock trading blog, or any other type of website, you should absolutely jump right in with both feet. Even if your site is a complete failure like DTAYS, the lessons you learn along the way are worth way more than the price of admission. Let me know if you want some help getting started.

Now, about that QG Fund…..this week sucked.

Overall Performance

The QG Fund finished the week with a value of $107,960.87. That represents a return of 7.96% on the year compared to 8.38% for the S&P 500. That probably serves me right for talking so much smack over the past few weeks.

Since I made the big changes to the fund at the end of the first quarter, it is up 13.94% compared to only 6.05% for the S&P 500.

Here is what the individual holdings of the DTAYS QG Fund look like this weekend:

qgholdings-091314

Entries & Exits

Despite some the heavy losses the QG Fund took this week, none of the stocks signaled an exit. That means we are still sitting on 9.5 positions and have no room for any new ones.

If we did have room, here is what a scan of this weekend’s IBD 50 produces for new 20-week highs:

qgscan-091314

As you might have expected, there isn’t a whole lot to pick from this weekend. Of the five stocks sitting at a new 20-week high, ULTA is the only one that passes our entry filters. If we had an open spot, that is the one we would be taking.

As I say every weekend, there is no way to predict what will happen in the coming week. It sure feels like we are destined for lower prices, but anything could happen come Monday morning. Our job is not to predict the market. Our job is to react to it by following the rules of the system.

Photo Credit: Tomasz Stasiuk via Compfight cc