Happy weekend!
I started July's monthly review by saying “What a difference a month makes!”, and that's doubly true in August.
This also marks the 2nd anniversary of this public portfolio, bringing in $6,292 in realized profits over the last 12 months, and 24 months of consecutive positive returns.
All the details are in the recap, so please scroll down for more.
For the update this week:
$1,326 profit across 9 trades in August
$1,326 profit in August
“Only” 4 new trades were placed in August, but 6 trades that were put on in July were closed for a profit.
You can click on the individual links of each position to find out more about the trade.
New trades in August:
#88 - SJM - still open
Older trades:
With August done, here's the running total of realized profits since the course's inception:
Year One (Sep 2022 - Aug 2023) - $3,422
Year Two (Sep 2023 - Aug 2024) - $6,292
This brings the total for the last 24 months to a realized profit of $9,714 or a running monthly average of $404.
Like I said in the intro, this makes 24 consecutive months of positive returns in this portfolio.
Some people may prefer to make $2,000 one month and lose $1,000 the next. I prefer to make smaller but consistent gains month after month and leaving them to compound.
If you've been around since Year One, thank you for reading this newsletter, sending me emails, signing up for my options course and being part of my private community.
It's a lot of work to churn out a newsletter every week, but your response truly does keep me going.
Finally, if you're familiar with options and want to follow along the trade updates, you can sign up for my Bread Crumb subscription which is priced at $49/month.
i.e. on average, each month you would pay $49 and make $404, or 8.2x the subscription fee.
Every trade I share is from my real portfolio, which means if the trade isn't making money, I'm not making money either.
Do note none of these are recommendations - I'm just sharing trade updates within my own portfolio which may or may not be right for you.
Closing words & useful links
Once again last week's slight increase in volatility has been quickly forgotten, which is great because a few positions could be taken off for a profit this week.
For now, it's all eyes on what the Fed does next week - I have no idea what's the preferred amount for the rate cut, but if the decision brings more volatility, I'm ready for it.
Have a good weekend!
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This article is for educational purposes only. This is my own portfolio which is being managed according to my goals and risk tolerance. Your situation is likely different and you should do your own due diligence before investing in stocks or options.