Satuki @ Home

June was a flat month as we can see from the S&P’s monthly chart below.  I think there were 2 main reasons

1: No further good news that could send the market higher.
2: A correction/pause was needed after a big 3-month rally.

The doji star in the chart below does not mean that the market will soon roll over.  It just means indecision. So we need to be careful not to open too many short positions for now. Everything went up in the past 3 months because the general market went up big.  Everyone, including my 90 year old grandmother, is a genius in a bull market.  But when the general market slows down, it will test your individual stock picking skills.   I think that we will have a few slow months ahead, which should not affect my day trading at all.

My portfolio  was up 1840.25 for the month, which makes 7 winning months in a row.  I am generally happy with my day trading which becomes quite stable. The absolute dollar amount does not mean too much to me for now since I only want to focus on my executions with small positions. What matters to me most are these 2 things

1: My monthly trading should always yield a green number even if it is 1 dollar. 
2: Reduce my draw-downs to minimum.  Big draw-down means big potential risk.

My trading in June met the 2 requirements above.   The only 2 swing trades I took, one BIDU short and one AMSC long took away 500+ from my monthly total.  They were not bad trades even if they lost. It is just the cost of trading.  I believe I will remain as a one lot trader mom for a while until I have full confidence to step out of my comfort zone.  I am absolutely in no hurry.

Click on the image to have a better view

I hope you did well in June.