Nov 13th 2014 – OMG! Almost Triple Digits

I make no secret of the fact that I use as much margin as you can shake a stick at (30% or 3x).  Well, today my account was on the threshold of a 100% return in this most recent set of trades alone.  The same set that started mid October.  Literally 4 weeks to the day.

At the high today it was around 95% before retracing a little.  The question is, will the market give me MY FIRST EVER (entire portfolio) 100% return WITHIN one calendar month?  It seems improbable, as it’s not supposed to be possible, just ask anyone on Bay Street.

If it has been achieved it is usually because someone got lucky and risked too much.  But the truth is, the system I designed is so risk controlled that this is simply not the case.  I have very tight controls, but allow my winners to run.  And this portfolio as a whole usain bolt-ed and is still sprinting!

I have no idea where this market is going now, it is certainly getting tired, but I am feeling very grateful to Mr. Market right now for allowing me and the good folks that subscribe to my daily ramblings and trade alerts to see what is possible.  With time, persistence, belief and education, you can achieve anything…

Now Mr. Market, how about that 100%?…go on, just a little more…

Market News:

U.S. stocks fluctuated on Thursday after the S&P 500 and Dow rose to records, with energy companies slammed as the price of oil fell, countering upbeat earnings from the world’s largest retailer and data showing jobless claims holding at a 14-year low.

Of the 460 S&P 500 companies that have reported quarterly earnings, 74.6 percent have topped expectations, according to numbers compiled by Thomson Reuters.

Wal-Mart Stores climbed after the company reported a larger-than-expected profit as comparable sales at U.S. stores climbed for the first quarter in seven. J.C. Penney shares declined after the retailer posted a less-than-estimated quarterly loss but said same-store sales were flat.

After a 93-point gain that had it at its loftiest level, the Dow Jones Industrial Average fell as much as 28 points, and ended up 40.59 points, or 0.2 percent, at 17,652.79, with Wal-Mart pacing gains and Caterpillar leading blue-chip losses.

The S&P 500 added 1.08 point to 2,039.33, with energy falling the most and telecommunications faring best among its 10 major sectors.

The Nasdaq rose 5.01 points, or 0.1 percent, to 4,680.14, its highest close since March 2000.

Friday:

8:30 a.m.: Retail sales

8:30 a.m.: Import and export prices

9:10 a.m.: St. Louis Fed President James Bullard

9:55 a.m.: Consumer sentiment

10:00 a.m.: Business inventories

10:30 a.m.: Natural-gas inventories

4:00 p.m.: Fed Vice Chair Stanley Fischer on panel

4:00 p.m.: Fed Gov. Jerome Powell on panel

News Sources:  CNN Money & CNBC