It’s been a while since the last trade update, mainly because we were only in one trade and there was not a whole lot going on. I exited the August 55 day trade at the end of the day yesterday with a profit of $1069 after commissions. The maximum amount of capital that was in the trade was $3193, this makes for a 33.3% return on our invested capital or a 21.3% return on our planned capital $5000. Just as a side note for those of you who follow me on Sheridian Mentoring trade group 16, the trade that I am doing in that group is the same as this one except that the trade group 16 is doubled in size. A picture of what the trade would look like if it was not closed is below.
I also entered the August method one, the August method 15 and the September 55 day butterflies yesterday afternoon as well.
Below are the positions:
August method one:
The August method 15:
And last but not least the September 55 day:
Okay, those are the positions, hoping for another great month in the market!
Keep in mind I am traveling over the next three weeks so updates may be slow.
That’s it for now, make it an awesome week!