With long/short equity you cannot have your cake and eat it too but even if performance during up days averages to zero while during down days it is positive, the net results is usually desirable over time. Here is a specific example from yesterday, Match 27, 2018.
The DJI fell 1.4% yesterday after opening higher. This is the output of DLPAL LS software sorted for 50% long and 50% short based on P-delta x S rank (click here for more details and example.)
The returns from open to close and close to close of yesterday were +0.62% and +0.51%, respectively. The top 3 long and bottom 3 short performance is interesting: from open to close the gain was +1.65% and from close to close +1.47%.
Note that top/bottom 3 long/short equity signals for DJI stocks are now available in the new Premium Signals report. Subscriptions to Premium Signals also include Premium Articles and the two online books as a bonus. All these are available for less that $2 a day!
Disclaimer: The Premium and Weekly Signals are provided for informational purposes only and do not constitute investment advice. We do not warrant the accuracy, completeness, fitness or timeliness for any particular purposes of the Premium and Weekly Signals. Under no circumstances the Premium or Weekly Signals should be treated as financial advice. The author of this website is not a registered financial adviser. Before subscribing please read our Disclaimer and Terms and Conditions.
Copyright notice: Any unauthorized copy, reproduction, distribution, publication, display, modification, or transmission of any part of this report is strictly prohibited without prior written permission.