In the autumn of 2017, just for the hell of it, I decided to put on my bull outfit and choose what I considered were the best patterns for long positions. I then bought a pretend $6,000 of each one of them and left it in my spreadsheet ever since. Here is where the portfolio stands right now (the rows show the symbol, the net dollar change, the net percentage change, and the present value compared to the original $6,000 investment):
The unusual thing is that this is a “set it and forget it” portfolio. No stop-losses. No targets. Just buy and hold forever, no matter what.
There are a couple of interesting things I notice:
- The “chart-picking” actually helped. The return to date (21.36%) beats the S&P 500 by almost 20%.
- Plenty of the stocks are down about 25%, but overall the portfolio is profitable thanks to a big champs, particularly ETSY (of all things) which has nearly quadrupled.
In the end, the effort put into using SlopeCharts to pluck out some favorites has stood the test of time.