Looking a bit further inside the numbers this month I actually derived $2300 of trading profits within the June options cycle. I came in to the month with some large mark-to-market losses and I converted $1650 of those in to realized losses (RMBS trade). The truth is the accounting entry last month of -$4675 is misleading, that was just the realized losses. So considering I was coming off a really bad May options cycle where I got my ass kicked financially and psychologically, I'm actually really happy to have cleared some profits and got myself back in the game. I need to average somewhere in the area of $2500 a month over the long term to break even. I basically took two weeks off and licked my wounds, I was in need of psychological repair and thankfully it came quickly. The amount of money I lost last month wasn't a game changer, but it was the amount I lost in such a short period of time that for some reason shook me.
I broke down the trades again this month with color-coding and categories so I can track myself more easily over the long run. It's basically consistent with the last six months, sold a little bit of equity and futures time premium, and made some directional futures trades in ES and ZB. Below are my updated financials. As long as the average monthly profit continues to go up and to the right over the long run then I'm headed towards my ultimate goal, I'll post more on that soon.
E-mail: JasonAndrewHaas@aol.com
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