July saw a near perfect record for short term trading. Some good high volatility opportunities and a couple of good directional opportunities. July was a good example of the bread and butter trades that I put on all the time. Nothin' really fancy, and one earnings trade. Actually, that's been a good thing, because this earnings season has been pretty wild. Many stocks had +/- %10 moves on earnings.
In August I plan on continuing the same strategy. So far in 2015, I am up ~18%. Stocks as measured by the S&P 500 are up 2.2%. While I'm not ecstatic about July's 2.5% return, it was a solid month that I hope to repeat.
The only bad things? Well, I can't say that it was impatience. The directional shorts I had on stalled out a little, so I took profits. While they were decent profits, a couple could have been super. Gold continues to sell off, and I'm convinced it's going to $1000 and ounce, I just don't know how long that will take. And Facebook ended up selling off right after I got out for a scratch. So, I got out a little early, but, you know, hindsight is 20/20.
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