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Thursday, March 28, 2024

5% Portfolio Review – Missed it by that much!

D'oh!  

It's been 30 days from our Sept 8th start and our 5% (Monthly) Portfolio is only up 4.76% at $104,760.  I guess we may have been too ambitious trying to make $5,000 in our first month but the good news is that this total reflects open positions that are still in progress, and mostly on track to make more, while the positions we closed during the last 30 days are OVER our $5,000 goal - at $5,330:

Not too bad considering how choppy the market has been over the past 30 days and the marketing folks have suggested (strongly) that we rename the portfolio the "Option Opportunities Portfolio", so that's the new name but our goal remains the same - we try to string together 5-10 trades a month that have a high probability of making $500-1,000 and try to have more winners than losers to see if we can add $5K (5%) to our $100K portfolio at the end of each month.  

After cutting back considerably last week, our remaining open positions are:

We just reviewed the open positions on Friday, so I'm not going to waste your time and go over it all again.  Suffice to say we have faith in these, or we would have cut them and their current market value of $9,800 has the potential to reach up to $25,500 plus whatever we wind up getting from BID after earnings.  That's another $15-20,000 so this batch alone can give us our goal for 4 months, which is a very nice base to build off!  

This is a combination of the strategies we use with our larger Long-Term and Short-Term Portfolios, where we make opportunistic trades in our Short-Term Portfolio while using our "Be the House" premium-selling strategy to do it's work on the long-term trades.

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