It’s been almost 2 months since I started trading this Happy Trades portfolio. It is now up almost +19%! Here’s a chart of this portfolio’s performance against SPX:
The percentage of profitable trades is 83.8%, which means better than 8-out-of-10 trades are profitable!
Yesterday and today, we locked in some profits on LULU and PCP:
The market is very volatile right now. It is good to trade slower and hold lots of cash. This portfolio trades options that are at least 2 months out. So, we can make plays more leisurely, especially when the market is so volatile.
After the market, BID announced that it’s CEO is stepping down. The trading reaction on the news is positive. BID is trading up by more than +7%! We will be looking at this tomorrow morning.
Good night and HappyTrading! ™