Monthly and YTD Performance: May, +7.27%

Mark NugentMay 2024, Performance

Monthly and YTD Performance: May, +7.27%

Good afternoon.

I completed only two trades in May. Embarrassingly, I have no losers this year.

I traded USDJPY long as the JPY returned to weakness after the Bank of Japan intervened to support its currency.

I traded Dow30 long as I expected a rebound from what I felt was an over-done dip.

The total gain for the month was 7.27% and YTD comes in at 25.2%.

Trading conditions remain challenging, and this shows in the relatively few trades placed compared to prior years. Still, it is pleasing to see that we can weather differing conditions and still come out with a profit. There are a lot of trading approaches that only work in limited conditions.

The video contains more information on each of the trades: the rationale for entry, trade management, and the exit. This is a great learning resource for all traders. There’s always something to learn from a post-event review.

You can download the video HERE.

The trade-by-trade spreadsheet is HERE.

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