A working trader's notebook

I track what the
smart money buys.
Then I write what I do about it.

After every filing season I cross-reference 13F positions across the top managers. When several quietly move into the same name, I dig in, then write up what I'm seeing and whether I'm putting my own money behind it. This is that notebook, in the open.

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13F
Filings tracked
100%
Positions disclosed
Public
Every entry timestamped

US Margin Debt Is at a Record and Rising Fast in 2026

Margin debt hit a record $1.50 trillion in June 2026, and the number I keep coming back to isn't

· Aug 4, 2026 Read analysis →
My July 2026 Portfolio Update: Rotating Into $AMZN Jul 31 The Yields-Up, Dollar-Down Signal Nobody Priced in 2026 Jul 31
Latest from the notebook

What's inside

Four kinds of posts.
All free to read.

13F breakdowns, the positions I'm holding, swing trades, and quick market notes, the whole notebook, open.

13F Convergence

When the top managers move into the same stock

After every filing season, I cross-reference positions across the top hedge fund managers. When multiple names converge on the same stock, I write about what that signal means and whether I'm following it.

Market Notes

My read on what is moving the market

Short, direct notes on macro moves, liquidity signals, and market structure. Written in plain English by someone who trades the same markets. No jargon, no filler.

Position Trades

My open positions: thesis, entry, and exit

I disclose every position I take: why I'm in, my conviction, the entry, and the level that tells me I'm wrong. Nothing gated, you see the same thing I'm looking at.

Swing Trades

Equity and options swings, written up as I work them

Swings from a couple weeks to a few months. I document the setup, what I did, and how it played out, including the ones that didn't work.

From the notebook

Latest entries

The most recent posts. Read anything, no login, no paywall.

US Margin Debt Is at a Record and Rising Fast in 2026

Margin debt hit a record $1.50 trillion in June 2026, and the number I keep coming back to isn't

· Aug 4, 2026

My July 2026 Portfolio Update: Rotating Into $AMZN

July was my most active month of the year, and almost all of it was one idea: selling strength to buy weakness.

· Jul 31, 2026

The Yields-Up, Dollar-Down Signal Nobody Priced in 2026

The US 10-year yield went from 4.64% to 4.74% this week while the dollar index dropped from 101.51 to

· Jul 31, 2026
View all articles →

How I write it

Institutional data, read by someone with skin in the game.

The same filing data the big funds use, filtered, explained, and paired with what I'm actually doing in my own account.

Pick what lands in your inbox

Choose 13F coverage, position trades, swing setups, or market notes. Get only what you asked for. Nothing else.

Written with skin in the game

Position disclosures included. Not a suit giving generic advice. An independent trader writing about what he actually holds.

The whole trade, not just the idea

Position posts include the entry range, conviction level, and the level I'm watching that would tell me I'm wrong.

Free to read. All of it.

No paywall and no upsell. If that ever changes, you'll hear it from me first.

"The big funds file everything with the SEC. It's public. Most people don't read it because it's dense and slow. I read it so you don't have to."
Howard Lee

Howard Lee

Position Note

Track institutional moves

✕ Without a Bloomberg terminal
✕ Without hours in SEC EDGAR
✕ Without an analyst on payroll

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The notebook as I write it: 13F breakdowns, the positions I'm in, swing trades, and market notes. No spam, no pitch.

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