HTO portfolio report: A volatile draw.
For the week, my High TurnOver portfolio was down 2.03%, virtually identical with the index's loss of 2.07%.
I beat the market by a lot on the up days, lost (by a lot on Monday, by a little on Wed & Thur) on the down days.
I'm still down by almost 1% for the month after beating the index by 3% in March.
My plan was to hold 24-33 stocks and I was up to 32. I decided last weekend to lower my maximum to 30 and probably less. Since I am going to sell two per week, the number of stocks held determines my average holding time: 26 stocks, trading out 2 per week, would result in an average holding time of 13 weeks (3 months).
So I dumped a bunch of stocks at the beginning of the week: TLSNY, PFLT, TSBK, CYOU & FFCH. I ended up adding TLSYY, DNZOY, HMNF and SBGI. That brought me down from 31 to 30 stocks. I'll try to get it down to at least 28 by the end of the month. We're still in transition, looking for the sweet spot. First I was selling too soon, lately my more recent picks have been outperforming my older picks.
HMNF, SBGI, DNZOY, TLSYY, NAVG, ACY, IP, PIKE, MX, WX, SWY, ADUS, ARII, MPC, SYMC, CLRO, OTTR, HSNGY, SRT, NRF, CRD-B, CLMT, AHS, LCI, UBSH, PTP, ROCK, FIBK, SMP, WHR.