As you may have noticed, I have not been able to publish monthly results for a month or two. I am making a big transition to a super duper Mojo spreadsheet that will help manage my overall trades better and mark to market my wins and losses. This will take into effect next Friday. I hope to have things running then and be able to do a better job of accounting for my trades.

It took me longer than expected to post my April Results. Although, I am not ecstatic about them, they do fare better than most folks in the market. I put on more trades and had a better winning percentage, so that tells me I am learniing and becoming more disciplined. A few of the lessons I learned:

1.Don’t get greedy! I was up close to 5% the day of expiration and put on some trades that were out of my rules and got hammered. I had momentum and should have been satisfied with my results.

2.I am starting to do a mark to market of my trades. For example, if any open trades have losses, I will deduct them from my earnings at expiration. I will then look at any delta change for the next month and calculate those gains and losses from the previous month. This way I am not double counting any gains or losses.

3.Practice makes perfect. The more trades I put on, the more I learn about myself and what trading style works best.

4.The market doesn’t care about anyone. My opinion doesn’t and will not matter. Who cares what I think a stock will do? I just need to properly hedged for any moment.

I will look to produce a better May and continue my quest in becoming a great trader! I love this business!

There is a lot to catch up on! I have attached my March Results! I did a lot better than I thought! I have also included some trades which I may have not calculated returns on the site, such as DECK and NTRI. They were both short straddles. I am getting a little bit smarter and faster every day. I am ecstatic and will do my best to remain consistent with my trades for April.