My Swing Trading Stock Performance For May
Ryan Mallory | May 29, 2016 01:48AM ET
There is still one more day of trading left in the month of May, but I decided I'd go ahead anyways and post my performance for the month.
Overall a solid month. Remember, until this past week, there was very little to work with, and the rally on Tuesday caught everybody by storm as it was completely unexpected. Nonetheless, trading requires flexibility and being flexible means changing with the ebbs and flows of the market, and that is just what I did throughout the month.
You'll see in my performance table below, that there was plenty of long and short trades made throughout, and it was pretty much evenly split between the two camps (counting SDS and SPXU as short trades).
The market for the month of May was as difficult as any, and that is because the trading range was extremely tight and very unpredictable. The Dow Jones had a stretch of 11 days where it went up/down/up/down followed by an eight day stretch of the S&P 500 doing the exact same.
So for me and members of the SharePlanner Splash Zone to come out as well as we did is phenomenal, and should this market finally start to trend again in June, regardless of the direction, I'll be ready.
One of the key aspects to trading this month was taking profits when I had them and doing so aggressively. Had I not done this, the returns in May would have, no doubt, been in the red. I did not give any of the short positions much room to run against me and the same could be said about the long trades too.
My profits were made more so by making more trades with returns of 1-3% than by less trades returning and profits of 4-6%, simply because the market did not trend in any direction this month.
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