Here are the results for the April trades which were closed on Friday.
The April 55 day trade went very well. It was over capitalized but only because I was trying to squeeze 50% out of it and the market had a very large range this month. It ended up that I did not get that 50% but I am still quite happy with the results. Planned capitol on this trade was $5000. Invested capital was $7263. Profit on this trade after commissions was $2380. This comes out to 47.6% return on planned capitol or a 32.7% return on actual capital.
The April 30 day trade went …. OK but not great. I opened the trade right at the bottom of the large rally and to add some extra pain to the situation, I was very late in adjusting it. Despite myself, the trade ended up making a small profit. Planned capital for this trade was $6000. Invested capital was $5887. Profit on this trade after commissions was $513. This comes out to 8.5% return on planned capital or an 8.7% return on actual capital.
The May 55 day trade is unchanged from the last update. The trade is currently up about $75.
That’s it it for now, happy trading!