Below is a brief excerpt transcribed from Monday's edition of The Macro Show hosted by Hedgeye CEO Keith McCullough.
Plenty of things worked last week.
Let’s take a look at our stats shall we? I was a little surprised at this given some of the questions I get during the Macro Show.
This is how we did in May.
We had 81 positions and 42% of the moves I made were long. And those longs were rightly awesome.
In general we batted 87%.
Now some people will say to that “Well I don’t like batting averages because I can’t bat like that at that average.”
So then they’ll look at your average gain versus your average loss.
Well if you do that you can see our average gain IS bigger than our average loss.
Well then they could say “Well those three things you messed up out of the 500 things you’ve done this year are still not realized.”
That’s true! I make mistakes.
But those don’t have to become realized losses until they are. Don’t forget that the chickens come home to roost when the folks of the world have to report the quarter.
If you look March to May on the chart I think that looks pretty damn good if I don’t say so myself. I’d love to see other peoples numbers. But of course they won’t….
That’s every single move I’ve made since March. Inclusive of the crash or the rally, you get a lot of people who just say stupid stuff like, “But you missed the bottom!”
I didn’t miss the bottom, I actually covered a lot of bottoms. But again, I’m not your proctologist.
I’m quite proud of those numbers and hopefully you are too. It sounds like a lot of our subscribers did quite well over the entire period.
