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We thought it was time to take a longer term perspective on our ProfitPoint performance. In August we took some minor losses: we had 4 positive trades for +4.04/share and 11 negaitve trades for -7.28/share for a net loss of -3.23/share. We noted several times that in August the market was consolidating. We think it is important to note that even in that market and even with 11 losing trades, Neal's strategy of minimizing losses kept our monthly net loss to only -3.23/share.
Now let's put August into perspective with the whole year:
Net gain Net loss
Jan. +22.53/share
Feb. +10.66/share
Mar. +23.68/share
Apr. +1.28/share
May + 20.94/share
June -10.64/share
July +13.22/share
Aug. -3.23/share
Total gain on positive trades is +92.13/share
Total loss on negative trades is -13.87/share
Net gain for the year is +78.26/share
(Details for all trades are posted on our website).
If you were trading 1000 share lots (which means you have a large portfolio, you would be up $78,260 for the year... That is a huge increase. If you were only trading 100 share lots (small-medium portfolio) you would be up $7,826 for the year, which to your size portfolio is also a huge gain.
Now, if you focus only on June and August, you are missing the point. The same goes if you expect to match January, March, and May's numbers month in an month out. If you are a trader you simply must expect to take some losses. No one likes it, but that's the game, folks -- to expect otherwise is being unrealistic. The key is to follow Neal's method and keep the losses small while letting the profits run. And, as the yearly numbers to date show, Neal's ProfitPoint has been a great success. This is a year to year business, not a day to day one. You must not base your success over one week or one month, but look at the long term. With investing, we challenge you to try and put up percentages consistently each year like we have with ProfitPoint. It is simply impossible. Of course it is a little more work to trade our way than to simply buy something and forget about it until next year, or 5 years down the road. But, this is the amazing result of taking control of your own money, and your own financial health.
Helping our clients make money trading the market is our number one goal.
Keep up the great trading Profit Point members!
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