Performance Report for June 2019: $2,529 in Profits Trading the Weekly Chart

June is in the books and I had a total of 16 closing trades to finish the month with $2,529 in profits. This coupled with a strong May and April brings the total for the year to $9,979.

 
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All the trades made this month are shown below and follow the information outlined in the FREE Weekly Trading Process E-Course. I want to spend some time to go through all my closing trades to give you a little insight into my thought process and show you how to manage trades without emotion.

The key take away here is not to brag but to show you that small wins add up quickly. You will see that my winning trades are not very large on a percentage basis, in fact there is only one trade that profited more than 10%. The key is consistently taking money off the table. The exits are not going to be perfect. In fact, I wouldn’t be surprised if there were more gains to be had if I stayed in them.

That’s the point, we can always second guess ourselves and hold on to trades expecting more, and looking for that big winner. But you have to remember the opposite can also happen. We could lose our gains just as quickly as we make them, faster in most cases. At the end of the day, trading is about making money. You can’t make money unless you take the profits when the market hands them to you.

Think of it this way, there are hundred dollar bills laying in the street. Are you going to walk past them in the hopes to find one of those nice $10,000 stacks with the fancy paper label? Didn’t think so.

Here are all the opening and closing trades I made in June.

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    June 2019 Recap

    A few things to remember about June. The S&P 500 (SPY) was in a downtrend for much of May and started to turn around in early June. This left me a bit under invested as my trading process dictates taking profits while the SPY is below it’s 8 & 21-day exponential moving averages (EMAs). When the market did rebound, it did so quickly, leaving me with over 50% cash and few positions. I spent much of June trying to round out my portfolio as you can see with all the opening trades above. As June progressed, I played catch-up and now as the month comes to a close it looks like the market is struggling at the highs again. If that’s the case the trade’s I’ve put on over the last few weeks are not going to have much profit so July could be a pretty flat month. Of course we need to see how the prices play out but just some food for thought.

    Closed Trades for June 2019

    Below are all my closed trades for 2019. As I said, they do not represent huge percentage gains but are just consistent profits along the way. I like to take half of my position off when I start to see gains build up and when the action in the SPY dictates. This helps keep me invested for longer and also prevents me from feeling like I am missing out if a trade continues higher.

    Also of note, I trade the same process over four accounts of various sizes and the commissions shown below reflect that. If I traded in a single account ($5 per trade, in and out) or even a free-commission account at Robinhood, the profits for the month would have been much higher.

    Finally, I had one SPY hedge trade I tried early in the month but lost. I don’t show that trade in the charts but it is factored into the profits for full transparency.

    Let’s see how those gains stacked up!

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    Overall, June was a great month for the portfolio. I have no idea where July will take us but hopefully we can put a little more green in our accounts.

    Again, everything described above represents my entire trading process. I have molded it over the years to generate consistency in the markets while working a full-time job and enjoying time with my family. Everything is outlined in the FREE Weekly Trading Process E-Course. I highly suggest checking it out.

    Hope you guys enjoyed this post and it gave you some insight into my trading process. Let me know in the comments section below and remember sharing is caring!

    See you soon!

    Steve