March 11, 2010 11:06 PM ET
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Brendan Burke
Strategy Emotional Momentum
Category Opportunistic
External Website Link
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Fees 1.50% of invested assets p.a. Subscription Min $5,000.00*
He utilizes a momentum-based approach focusing on investor psychology and technology trends. He focuses on the float, price action, news and earnings releases in order to select securities. He has been trading full time since 2001.
He utilizes a momentum-based approach, focusing on investor psychology. He believes that investors mis-price securities as a result of emotions chasing illusory value. He goes long on this illusion and momentum by focusing on the float, price action, news and earnings releases. He believes that the markets are either unsafe or more unsafe. During unsafe times, he will swing trade, with holding... [more +]
Primarily reads science and technology blogs to keep track of emerging products. Studies charts and press releases of momentum stocks to familiarize behavior and momentum. Keeps a large database of day trading notes for recurring story stocks. Monitors several day trading sources to spot real time movements.
Each position will likely make up 7-10% of the portfolio, but could occupy as much as 25% of the portfolio. He will typically hold 2-3 stocks at a time but may hold up to 5.
He will typically sell 75% of the holding on an initial pop. If the security falls back to breakeven, he will sell the remaining 25%. If it remains above the cost basis, he will likely hold the security overnight and reassess the holding the following morning.
Will occasionally allocate over 25% for unusual trading events.
Investment Report
The markets continue to be disconnected from any reality and nobility as it relates to proper capitalism. It is a casino environment with wall street using its biggest waste of mind power and PHD's since world war II to assault the middle class.
I will adjust to any market environment, even when I find it emotionally challenging to do so. I am still day trading as I see almost nothing worth swing...
March 2010
Personal Background
- Background in painting and sculpting
- US Citizen living in The Netherlands
- Trading full time since 2001
Experience on Covestor.com‡
Brendan Burke's Covestor.com Profile
- Overperformed S&P 500 for 13 of their 19 months on Covestor.com#
- Return Since Inception: 1304.52% (August 2008)
- Last 3 Months Return: 5.73% (S&P 500 0.81%)
- Annualized Return: 459.68%
- Sharpe Ratio: 3.43 (S&P 500 -0.09)
- Maximum Drawdown: -64.87% (S&P 500 -56.78%)
Performance
| Inception December 04, 2009 | Model Manager | S&P 500 |
|---|---|---|
| Return Since Inception (%) | 0.00 | 3.58 |
| Month to Date Return (%) | 0.00 | 3.72 |
| Sharpe Ratio | n/a | 0.99 |
Monthly Performance (%)
| Month | Return | S&P500 | Outperformance | Risk | Performance |
|---|---|---|---|---|---|
| Feb | 0.00 | 2.85 | (2.85) |
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| Jan | 0.00 | (3.70) | 3.70 |
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| Dec | 0.00 | 1.78 | (1.78) |
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The performance of the model manager's account has been calculated by CVIM on a daily time-weighted basis including cash and broker commissions. These returns do not reflect any CVIM suitability or risk score restrictions and are exclusive of CVIM fees. Therefore, they do not represent the performance of the CVIM model available for subscription. Benchmark returns have been calculated by CVIM using a time-weighted calculation of daily valuations and do not include cash or transaction costs. Please see the additional disclosures below.
Top Holdings
| Symbol | Security | Exchange | Allocation (%) |
|---|---|---|---|
| Cash | n/a | n/a | 100.00 |
Total Holdings 1
Data displayed is as of market close: March 10, 2010
* The Subscription Minimum is the minimum subscription required to follow a particular model. The minimum amount is determined by CVIM, based on the characteristics of the underlying model. It should not be considered as specific investment advice for your investment situation.
‡ Covestor.com performance data has been calculated by Covestor on a daily time-weighted basis of the equity positions of the account and is exclusive of any commissions and cash in the portfolio. The member's performance on Covestor.com, based on a separate account, may not reflect the strategy employed to manage the model available for subscription on CVIM. Please see additional disclosures below.
# Since the model manager's inception in Covestor.com
It should not be assumed that any information discussed herein will prove to be profitable or that decisions in the future will be profitable or provide similar results. The information set forth herein is not a substitution for personalized investment advice, and should not be construed as a recommendation to purchase or sell a particular security or to subscribe to a particular model.
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External Website Link
By clicking the link you are leaving Covestor's CV.IM web site. Covestor does not monitor third party web sites, makes no representations as to the accuracy or suitability of any information to be found on such sites and takes no responsibility for such sites. The link is provided for convenience purposes only. Should such a website contain inappropriate content please report it to Client Services.