As the title suggests... it's been a good month, a great month in fact - my second best of 2014!
My goals are 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
May :: $510.05
June :: ($684.34)
and here's my breakdown of July...
Options - $600
Directional Option Trades - ($61)
Stocks - $823.42
Dividends - $12
Total gain in July = $1,374.42
Total YTD Realized Gains - $3,704.98 (Up 18.52% on the original $20,000 principal)
My July profit target was somewhere between $223.31 and $446.61. I cleared the upper range of that goal by 208%. For the month, I increased my current account value by 6.15%. Finally, YTD I'm tracking 32% 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 $1,442.89 to $2,973.70. I'm sitting at $3,704.98!
I'm pleased, but I've still got much to learn and a lot of room to improve. Just today I cut a winner short, my SPY bear call spread. I'm still leaving too much money on the table.
Anyway, 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!