- Written by OptionDave
With April Options Expiration coming and going today, we can now sit back and reflect on the month that has been. And a good one it was for ETNtraders.
Let's start with our $100,000 Mock Portfolio that we began with on January 6th of this year. As of today, the portfolio is worth $229,650. That is a 129% Rate of Return YTD. Pretty impressive indeed. This month alone, we started with a balance of $171,918 and added a healthy $57,732 over the April Expiration period. That makes April our most profitable month all year. And just think what the Market was doing during that time... quite a feat indeed.
So, how did we do it? Well, quite simple. We stuck to our guns. We did not make any emotional adjustments to our trading style. We ignored the rhetoric and talking heads, plowed ahead as always, mixing Technical Analysis, Option Spread Strategy, Probabilities and Volatility Equations into a fine tuned beast of a Trading System. We mixed in some Bearish, Bullish and Neutral Strategies while focusing on our new Asset Allocation Model to keep us grounded. All together, we proved that what we do truly WORKS.
It was a great month, and over the long weekend, let's not gloat or look back too much. Instead, let's look forward to May, apply what we learned in our "learning experiences" (aka losing trades), and let's continue doing what works with our winning ways. We will have our watch list out for our Members by Sunday. Make sure you print that out and take a look at some opportunities for next week. Bring those ideas to the Discussion Board so we can all participate in the discussion.
If you are not onboard yet, WHAT ARE YOU WAITING FOR? You already missed 129%... how much more can you AFFORD to sit by and watch slip through your fingers? Join us at one of our Free Open Houses by clicking the link in the column to the right of this blog and join us for an hour and a half that will change your life forever, and that I promise!
Have a great long weekend everyone, Happy Easter, and we will see you all on Monday at 1pm ET for our next Member-Only Live Trading Class. Until then, Happy Trading.