Aloha all, I’ve been lazy for a month without any addition to the blog. Gonna try to turn the ship around if I can.
When I started this blog earlier this year I summarized my performance for 2017 in my two trading accounts. I have an IRA that I call my speculative account and a taxable account that I call my conservative account.
For 2017 I made about 75% in the speculative account and about 35% in the taxable account, which I will now call my moderate account.
So now as we approach the end of the second quarter I am happy to report that since January 1st of this year I am up about 29% in the speculative account and DOWN about 6% in the moderate account
If you combine the accounts, I am up about 10% overall. My professionally managed accounts are up about 2.5% over the same period.
Some may ask why I don’t manage my whole account rather than put up with this meager 5% annualized return on the managed accounts? The answer lies in the divergence of my two accounts. If I did this and practiced what I do in the moderate account then I could be down 6% instead of up 2.5% on the bulk of our assets. There’s no guarantee I can duplicate what I do in the speculative account. Remember, too, that there are no tax implications in the speculative account. And besides, I’d have to go back to not sleeping at night.
I make too many daily trades to really document them here but over the last month or two I have pocketed some really good gains in $AMZN, $TWTR, $SQ, $TSLA among others. I went into this early quarter with both calendar put spreads and calendar call spreads in these names. Slowly I have sold off the put spreads and rolled the call spreads up. I am preparing to add some put spreads to all the names I am long now.
As always, please comment! God knows I have 50 or so registrations a day, are they all bots? (Simple answer is yes, but why are they doing that?)