2014 Performance for Q1 in Total Economy Portfolio
The market really pulled back in the past 2-3 weeks as the biotechs started to weed out the solid companies from the pretenders. Gains were locked in and positions were reduced over the past week to enjoy realized gains. Still up over 10% on the 2014 year and pleased with the continued goal of locking in 10-20% gains on most trades. As the biotech market has stabilized, I continue to think there will be solid appreciation & opportunities in biotech companies with solid catalysts and dates around them. There will be quick opportunities for daytrades in companies that are not as solid as their gains will not hold longer-term. The more stable biotech companies with good institutional holdings will thrive. A lot of catalysts on deck in Q2 so start planning! Remember that it is important to adapt to the changing environment in the biotech world. If you stay the same, then you will be a dinosaur as your strategies and ideas need to be updated and refreshed on a continual basis. Much success to everyone here. Remember to plan your own trades and trade your own plan! Don't follow anyone into any trade as you should always know why you are entering a trade and what your exit strategy will be. Without that knowledge, you are trading blindly and that leads to frustration and loss of money in your portfolio. Just my personal thoughts as we enter Q2. Continued success! $heff
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