The goal of these articles is to recap and determine what went wrong, what went well, mistakes that were made, things that could have been done better. These articles are intended to make us better traders with constant feedback from our own recent actions and the community of like-minded readers that contribute to this site.
It's important to realize that we don't need to double our accounts every year, which entails unsustainable risks. With a simple 2% monthly return, money grows at a rate of +26.82% per year. Start trading with $10,000 and obtain that return annually while investing 5,000 additional dollars out of your own pocket every year and you get close to the 1-million-dollar mark in 15 years. And you don't even need to get that far to make it worth it. Relatively small portfolios can consistently generate $400, $500, $600 a month, a meaningful help in the budget of the average family. Whether you want to trade for a living or only as a side activity for supplemental income, you are only truly limited by your own will. How much are you willing to dedicate to studying and training hard? That's all there is to it.
And while there is absolutely no guarantee that anyone will achieve any arbitrary numerical return in the future, the fact is: the power of compounding is truly remarkable and can do wonders even with small amounts of money.
A Month of little Activity
(Click on image to enlarge)
Am I satisfied with how February went?
Yes and No. Yes, because my trading was decent with no significant mistake. And No, because the results in terms of $$$ were not eye opening or anything. I'm content with the fact that we were just transitioning to a better way (in my opinion) of doing things, and the process is now complete. Due to this transition period we barely had any legit income position deployed as an offensive move and not the result of an adjustment or anything like that.
Final balance for the month +0.74%. Subtracting commissions, +0.68%
That was my February. How was yours?
Check out 2016 Track Record
If you are interested in a responsible and sustainable way of trading options for consistent income and a smooth equity curve, consider acquiring LTOptions, my options trading system to the last detail.