On Wednesday, Matt wrote:
You had a banner start to the year: out of 20 closed positions (including partial closes), 16 were closed for gains, 3 losses and one flat. And 9 of those closed positions were for double-digit percentage gains.
And all of that was during when the sh*t hit the fan – from mid-January to April – when the broader markets corrected, biotechs collapsed and the Nasdaq toppled.
Matt added ...
The Dow (based on yesterday's close) is up only 0.10% for the year. The S&P is up 4.56%. The Nasdaq is up 4.57%. And the Russell 2000 (small caps) is down 3.06% this year. Gold – for instance, SPDR Gold Shares Trust (GLD) – is up over 5%. Despite all the negative news and views on gold. Metals have outperformed the market this year. Even the lowly gold.
Then Matt said ...
GRT has only closed 8 positions for losses so far in 2014. That’s out of 35 closed positions. That’s a success rate of 77.14% on closed positions… Basically 8 out of 10 positions are closed for gains. Sean’s had 11 positions closed for double-digit gains. And has two more positions open with double-digits gains at the moment. He has a very strong track record. A very strong track record in a sector most investors have abandoned or cast aside.
Of course, individual performance depends on where you buy and sell, and what commissions you pay, if any.
Bottom line: it's been a pretty good year so far. Sure, many of GRT’s gains are on the small side. But there are plenty of double-digit percentage gains as well.
If you're one of my paying subscribers, thanks for coming along for the ride.
All the best,