The last month has been very good for our virtual portfolio! We were up 42.58% for a 3% risk per trade, and 28.39% for a 2% risk.
Year-to-date, the virtual portfolio is now up 70% for 3% risk, and 46% for 2% risk! Last month we had 17 profitable trades, and 15 losers. The big difference was that we had some big winners, and we controlled our losses very well.
We only had one trade at more than 2R loss, and it was the MON trade, where really we could not have done much better.
On the other side, we had 7 winners at more than 2R, with some even bigger winners (4R+) on the puts that we let run like AMZN.
If you were trading options, your results might have been even better on some of those puts, as delta increased significantly with IV. That was a very important month, as it shows us that we can make a lot of money, even when being wrong almost 1/2 of the time about direction. This is probably the most important lesson to be learned here: cut your losses short, and let your winners run, and you will make money consistenly!
