Third May Trade

The following information is for educational and entertainment purposes only. Rio Verde Trading and the author make no claim that anyone can or will achieve similar results in their trading.

May 13: Yesterday’s trade set up is confirmed today. Bought to open 60 QQQ at 105.58.

May 16: A sell signal was generated today. Sold to close 60 QQQ at 106.77.

Net Profit $67.40, ROI 1.07%.

Another unspectacular but profitable trade. On an encouraging note, I am up $177.46 for the month. That is approximately 2.81% ROI for May. That is an annualized return of 33.7%; admittedly that is a rather meaningless figure, but it is fun to look at things that way sometimes.

Also encouraging, and coming back to reality, I am only $146.77 away from breaking even for the year.

The gold and silver performance and the resultant spectacular increase in the gold and silver mining shares, of which I am heavily invested, has increased my portfolio net worth, giving me more margin leverage. And that has improved my trading profits substantially.

The stock market is still very over valued and very risky, so I am still trading very conservatively, that is smaller trade size than normal.