Below is our account P/L year to date. We started with a Chaikin Power User account value of $100,000 on January 1, and net of commissions, we're up 1.8% for the year. The broad market is up half a percent for the year (Morningstar Index Returns). A QQQ an unnecessarily large bearish option spread trade, sold in early February just before the market bottomed is the one I want back. It cost us $1,000 and would have put our returns closer to 3% for the quarter.
Here's our account statement for the week ending April 8, 2016. This reflects all OPEN positions in my Chaikin Power User Portfolio. We're fully invested. I save about 20% of the total buying power for risk defined option spreads, which can be used as a hedge against directional stock risk (We're trading in an IRA, not a margin account). Right now, we have no bearish options trades on, but with earnings season almost upon us, it's probably time to start looking for hedge trades. Small hedge trades!
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