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PSW September Portfolio Review – Million Dollar Edition!

One Million Dollars! 

Actually $1,020,881.30 to be exact.  That's the balance of our paired Short-Term and Long-Term Portfolios, up $420,881.30 (70%) in 7 quarters.  Overall, our larger, Long-Term Portfolio has been performing at a predictable 31.2%, as our goal on those plays is to make 15-20% per year and it's been our Short-Term Portfolio that has outperformed, thanks in large part to long bets on AAPL and short bets on oil as well as a whole lot of well-timed hedges along the way.  

By far, our best performing virtual portfolio is our STP, which is currently up 261.6% at $361,645.90 and, most importantly, it's very much in cash with $325,736 of it on the sidelines and only 10 open positions as we chose to sit out the market chop - for the most part.  Keep in mind the main function of our Short-Term Portfolio is to protect the LTP and most of our LTP positions are self-hedging (short puts mainly) at the moment - so they simply don't need a great deal of protecting.  

We've been putting a lot of our short-term trading power into our brand new Option Opportunities Portfolio, which I just wrote a separate review on, those are trades that would otherwise have gone into our STP, where we generally look for bearish offsets to our LTP while we also like to grab good trading opportunities as they come along.

There have been a lot of questions about access to our trade ideas lately and, to clarify, ALL trade ideas start out in our PSW Member Chat Room, which you can sign up for here as eiter a Trend Watcher Member (view Basic Chat only) or a Live Chat Member, where you can join in the conversation during the trading day.  Premium Chat Memberships are currently wait-listed.

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