We published our first issue of HX Trader on February 1, and this edition marks our ninth.

We have run the strategy we employ here for the last five years and are always looking to evolve it.

One of these evolutions will be to take a step back every month and look at any existing recommendations from the previous month. We will wait a few weeks to do this because our positions usually take at least six weeks to play out…

We made five recommendations in our initial month, and four remain as recommendations.

We took profits on one of them – Snap-On Incorporated (NYSE:SNA) – for a +6.2% absolute or +116% annualized return.

To be clear – if we have an existing recommendation out there, we STILL believe in the idea. When we change our minds, we tell you and close out the position.

Sometimes, our ideas take a few weeks to play out, and sometimes, they take a few months.

We feel that reviewing the positions will help you gain more confidence in the strategy by understanding our current views.

Here we go…