Happy 2024!
Welcome back to the newsletter and hope you had a great holiday period and start to the new year with your loved ones.
It's been an eventful start to 2024 with a new trade in the portfolio happening on the 2nd trading day of the year, but first, it's time to share what happened in December.
For the updates this week:
$625 profit across 3 trades in December
$625 profit in December
December was a bit of a slow month and I only opened 3 new trades in this portfolio. The market was rallying hard and with the volatility from September and October still fresh, I wanted to err on the side of caution and only place trades I was super confident in.
On the bright side, the rally assisted with closing 3 previous trades for a profit - in the case of ITW and MSFT I collected 100% of max profit, hence the relatively larger profit amounts overall.
New trades in December:
Older trades:
With December done, here's the running total of realized profits since the course's inception:
Year One (Sep 2022 - Aug 2023) - $3,422
Sep 2023 - $462
Oct 2023 - $136
Nov 2023 - $337
Dec 2023 - $625
This brings the total for the last 16 months to a realized profit of $4,982 or a running monthly average of $311.
If you're familiar with options and want to follow along the trade updates, you can sign up for my Bread Crumb subscription which is priced at $49/month.
i.e. over the last 16 months you would have paid $784 and made $4,982 - or 6.3x the subscription fee.
Every trade I share is from my real portfolio, which means I have skin in the game!
If the trade isn't making money, I'm not making money either.
Do note none of these are recommendations - I'm just sharing trade updates within my own portfolio which may not be right for you.
Closing words & useful links
At the risk of sounding like a broken record, it's as important to know when to do nothing, as it is when to take action.
When the markets have rallied as hard as they have over December, it's easy to feel like it's time to get in or the market will run away - but that's rarely the case.
For me, this is still the time to be patient and only pick the best opportunities, while holding some cash in reserve for when volatility inevitably spikes again.
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This article is for educational purposes only. This is my own portfolio which is being managed according to my goals and risk tolerance. Your situation is likely different and you should do your own due diligence before investing in stocks or options.