Each and every July 31 for the past 11 years, I close out my trading account, transfer the funds to a managed assets account for my children, and start August 1 with a $1,000 account. Why? Because each year is a mission to both be forced to succeed in trading and to make every effort to complete the 32Trades Plan within a year as a personal goal.
It’s quite difficult going from a 6 figure account to $,1000, but the same rules apply when it comes to building it up for that cushion so that you can begin to trade less, look further out, and begin to capitalize on the bigger picture. SPY has and always will be my bread & butter trade, but now I can diversify a bit and start looking for those 2 month out 500-1,000% trades.
Profits from Aug 1 – Oct 31: $79,148
Cash Balance: $36,921
• 10 NOV 18 SPY 210 PUTS @ 2.08 avg
• 19 NOV 18 AAPL 95 PUTS @ 0.476 avg
• 3 NOV 4 FB 133 CALLS @ 2.05
• 100 NOV 18 SPY 212 PUTS @ 3.57
• 50 NOV 4 SPY 209.5 PUTS @ 0.62
• 10 NOV 11 AAPL 111 PUTS @ 0.77
As was for last month, weekly updates will be posted to the Tim’s Trades page from the email and chat alerts issued.
The last trade of the month was a quick flip off of news: VRX ex-CEO & ex-CFO criminal investigation regarding accounting fraud:
October Trade Log[table “z_October_Timmy” not found /]