December 20th, 2020
We are closing all trades for this blog as we come to the end of our trading year and what has been a diabolical year for many.
Our portfolio is sitting at: $142,130.90
Let’s close our trades first…
S&P 500: SSO = UP, SDS = DOWN
SSO is the ETF that mimics the rise of the S&P 500. We exited our trade at the close of the market December 18th, 2020. Here are the details.
$89.32 (sell) – $85.63 (buy) = $3.69 X 165 shares = $608.85 gain
Gold: UGL = UP, GLL = DOWN
GLL is the ETF that rises as gold declines. We actually were stopped out of this one on December 17th, 2020.
$35.15 (buy) – $31.51 (stop sell) = $3.64 X 400 shares = ($1456) loss
Oil: UCO = UP, SCO = DOWN
UCO is the ETF that mimics the rise of oil.
$37.40 (sell) – $35.53 (buy) = $1.87 X 400 shares = $748 gain
Dollar Index: UUP = UP, UDN = DOWN
UDN is the ETF that mimics the decline of the U.S. Dollar against a basket of global currencies.
$21.77 (sell) – $21.41 (buy) = .36 X 650 shares = $234 gain
The portfolio ended the year at: $142,265.75
We started this theoretical exercise January 1st, 2020 at $100,000, ended it December 18th, 2020 at $142,265.75 representing a gain of 42.26%.
I think we have proven the point that a simple method followed in a process oriented manner can produce more than decent returns. Please keep in mind that we only used 5 market instruments.
In other words, anyone can do it!!
“Yes, you in the back…what’s next you ask”.
A new exercise. We continue with this balance, but we will expand our methods to encompass those used in a course I have available. We will be scanning the S&P 500 for divergences, commodities for patterns and currency pairs for moving average crossovers.
All of this will be laid out at the top of each post. You can get started by clicking:
You will be whisked to a sign in page, input your email and you shall have a link to a Webinar that you can watch at any old time you please.
I would like to wish you all a “Merry Christmas and a Happy New Year!”