July 1, 2016
At the halfway point of 2016, my account looks terrible. Until I started writing this post, I didn’t realize that I did not make a single trade in June. That didn’t stop me from losing a boatload of money on paper. TLT hit an all-time high and I’m still not hedged. I only have three other positions that I’m long: IWM, MDY, and DIS. Without looking back to verify, I think June was worse for me than any single month in …
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June 1, 2016
Short-term memory can be deceiving sometimes and that’s one of the many reasons I find it important to keep a trader’s journal. If I had not looked back to see my balance at the end of April, I would’ve thought I had killed it in May. Instead, I simply came back strong from the mid-month lows, but actually lost a little over the month.
I ended May with a Net Liquidation Value (NLV) of $87,347.84 and a Net Asset Value (NAV) of $87,284.27 …
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May 2, 2016
My account continued to regain value in April even after March’s amazing month of gains. My account value peaked a few thousand dollars higher than I finished, but still am happy to have another solid month in the books. I expect May to help me again, but it will really depend on how bonds move throughout the month.
I ended April with a Net Liquidation Value (NLV) of $87,801.47 and a Net Asset Value (NAV) of $87,562.17 according to Interactive Brokers (IB) after finishing …
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April 4, 2016
March was a fantastic month for nearly everyone who was long stocks. My gains were cut by my short position on TLT, the 20-year Treasury ETF, but I still had a really good month. My stock ETFs produced all of my gains. My TLT shares that I’m short cost me $3,884, but my options on TLT cut that loss by $3,578 to give me a net loss on TLT of $306. TLT actually fell a few cents in March, but …
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April 3, 2016
The chart below shows the monthly prices for the past year on SPY, an S&P 500 Index ETF, after closing the week at $206.92, on April 1, 2016.
Technical indicators can be cruel sometimes. As with every stock and index prediction tool, sometimes they give false positives. If they didn’t, everyone would use them and nobody would fall prey to a …
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March 2, 2016
February was nasty for a little while and then patience paid off. I think the lowest intraday balance I saw my account hit in February was around $72,000. I didn’t think bonds would stay high or stocks would stay low, so I waited and watched most of the month. While the indexes were basically flat for the month, I was down considerably, even after bouncing more than 10% off my lows. I have a massive amount of upside potential, but …
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February 1, 2016
January was not an easy month to stomach, but it really wasn’t as bad as many investors might feel. The first couple of weeks were gut-wrenching for bulls, but we ended with a nice rally to cut losses in half. My account looks worse than it really is. That is to say my account balance is down far more than the indexes, but I’m sitting on 20 TLT naked calls that are worth approximately $7,000. I don’t have $7,000 in time …
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January 10, 2016
The chart below shows the monthly prices for the past 10 years on SPY, an S&P 500 Index ETF, after closing the week at $191.92 on January 8, 2016.
Stocks have been in a sustained bull market since bottoming in March 2009 and have traded within a broadening trading channel for this seven-year period. So far, each move to the trend line …
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January 4, 2016
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Once again, I proved that selling options can beat buy and hold investing. 2015 was an even better year for me than 2014 and it was more fun since the major indexes did very little to please investors. I finished 2015 off of my highs reached a few days earlier and below my ending balance from November, but I exceeded my growth goal for the year. The last time I beat the indexes by such a large margin was in 2007 …
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