Time to remove the laggards

We have been very busy rebalancing our book and exiting some of our stocks that have been underperforming.

The latest stock that saw the sharp end of our axe was HYRE.
It was a Swing trade that is still promising long term but was not showing us reasons for strength at present.

Our Swing trades are often a test for our long-term Growth Stocks.
HYRE did not make the cut - but recently DQ did.
It was a Swing trade and still is - but while forming a base it offered a growth opportunity too so we entered a position in that book.

TSLA has been one of our biggest positions.
It did not intentionally start off big but the current weight was quite heavy and subsequently, the drift needed attention which is why we had to trim the position.

Below is a chart based on 3 years that shows our Growth + Swing portfolios with their actual weighting and with equal weighting.

We could leave our portfolio unattended and not rebalance - and just use equal weighting for all stocks in them.
However, making those tweaks once or twice a year, we can see there is a difference in the returns.

As we approach the end of the year, it is a good time to remove the laggards and look to buy into new leaders.

During market weakness, we have opportunities to find stocks we want to buy at slightly cheaper prices.
We are currently experiencing some weakness before what we know to be strength-based (on seasonal behaviour).

So please take some time, go through your portfolio, look at the percent gain/loss since entering the trade, cross-reference the stocks in RRG, Correlation, Seasonality and Portfolios and remove what is not working and consider replacing it with a stock you like that is at a good price due to earnings or neglect.

Our last two weeks have been very busy as we prepared our portfolios for new opportunities.

Let's go trade!