So my goal is simple. I want to grow my $20,000 account by 1 to 2 percent each month! Which means basically I'm looking to make $200 to $400 per month. Here's how my year has gone so far.
January :: $1,681.55
February :: $620.10
March :: $202.20
April :: $1
And here's how I finished out May...
Options - $194
Stocks - $316.05
Total gain in May = $510.05
Total YTD Realized Gains - $3,014.90 (Up 15.07% on the original $20,000 principal)
My May profit target was somewhere between $225.05 and $410.10. I cleared the upper range of that goal by 13%. For the month, I increased my current account value by 2.27%. Finally, YTD I'm tracking 45% ABOVE the upper range of my 1 to 2 percent target. At this point in the year my goal was to be up anywhere from $1,020.38 and $2,081.61.
I'm very pleased, but I've still got lots to learn and a lot of room to improve. I'm still cutting my winners short and letting my losers run.
For all you folks out there finding this blog for the time, I'm the Option Rider. I play with a wide open hand, for better or for worse! Please feel free to look through my open positions, my winners, AND my losers. Any advice, thoughts, comments or helpful tips are welcomed at firstname.lastname@example.org.
I'm just a regular guy who has had a little success as an option trader looking to get better!