Scorecard · Trading852

Portfolio vs the Hang Seng, since April 10

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Methodology

Entry price is the close of the first trading session strictly after each article's publication date. For a weekend publication, the entry is Monday's opening price instead of the close.

Last price is the most recent daily close available from Yahoo Finance, fetched live when you open this page.

Dividends. On an ex-dividend day the price drops by roughly the payout. That drop is a mechanical adjustment, not a fall in the company's value, so when a stock goes ex-dividend after a pick's entry the scorecard adjusts that one-off drop out of the return instead of counting it as a loss. The dividend is not added as income: only the artificial drop is removed. The stop is measured the same way, so an ex-dividend gap cannot trip it. Affected rows are marked ex-div adj. Displayed entry and last prices stay as the raw market prices, so a small gap between the raw prices and the % is expected on those rows.

Stop loss, trailing. The stop starts at −10% below the buy price. If the price goes up 5% or more, the stop moves up to −5% below the buy price. If the price goes up 10% or more, the stop moves up to the buy price (breakeven). The stop only ever moves up, never down. When the price hits the stop, the line closes at −10%, −5%, or 0%, the row is highlighted in light red with the exit date, and a small Stopped label appears under the % value. The live last close keeps refreshing under the entry price (now: XX.XX) so the post-stop trajectory stays visible.

Benchmark. The Hang Seng is tracked through the Tracker Fund (2800.HK), the HSI index ETF, from the April 10 issue. It is the market reference every pick is measured against, not a pick itself, so it carries no stop loss and can never be marked Stopped. It sits at the foot of the table and is excluded from the average return and the winners/losers tally.

The chart plots that same average return on every trading session since April 10, against the Tracker Fund over the same period. A pick joins the average at 0% on its entry date, so publishing a new article pulls the green line toward zero that day. It is an average of the positions open at each date, not the equity curve of a fixed pot of money. Hover any point to see how many picks were live.

Average return is the simple arithmetic mean of the % change of every line, the Tracker Fund (HSI) excluded. Each ticker counts equally, regardless of price or market cap. The Tracker is shown as a reference only and does not contribute to the average.

The scorecard is an honest accountability log, not investment advice.

The Hang Seng as benchmark. Entry at first close after publication. Live performance.

Portfolio vs the Hang Seng, since April 10