While I am pleased to pull ahead of the S&P in relative terms, it’s never fun to lose money in real terms.
The biggest issue that I had this quarter was simply that I was not able to trade when the market made its big swoosh lower – and therefore I missed out on a huge chance to outperform.
2011 Q3
S&P 500: –14.3%
My Portfolio: –10.9%
Relative Performance to S&P 500: +3.4%
2011 YTD
S&P 500: -10%
My Portfolio: –6.9%
Relative Performance to S&P 500: +3.1%
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