As far as I can remember, I've been sharing my portfolio snapshots since my newbie days in Financemanila. And this was way before I was taking in students and way before Facebook Stockmarket groups became a thing.
(This was the Day I decided to start recording my portfolio every end of day.)
I did so because I wanted to start a culture of openness. I was moved by two anonymous bloggers COM (Color Of Money) and Cliff The Investor (This guy's blog is no more) who relentlessly shared their insights and snapshots every single day to back up their studies and who they are in the markets. They walked the talk.
You see, a lot of people would claim that they traded this or that. And during those times, if you were able to make a killing on stocks that made parabolic moves you'd be respected and followed. Of course you want to know how they were able to do it, so you follow them. And those snapshots are one big help in opening your mind to the possibilities of the markets and dissecting the mind of the trader - Where they entered and where they closed positions.
But the funny thing is, when you ask most of the gurus out there for proof of records, they can't even show it. Kahit shaded di pwede? Did they really trade the stock or are they just claiming sh!t?
Why? I wondered.
Now here's a question. What is your litmus test to know if a person is legit or not?
Here comes a guru who was able to buy and hold NOW or BRN this quarter below 1.00. That's impressive. But how about the superstocks last year? And the year before that? I don't know about you but for me, consistent results backed up by records would always trump anything else. So don't be impressed by jackpot stocks.
And like what we always say in ZFT,
"Pics or didn't happen."
Oh. I almost forgot. Here's a fictional snapshot.