Saturday, May 31, 2008

May Trading Results

May was another generally positive month for trading. Realised gains came in at $1,600 ($3,674 ytd):

It's feeling like this kind of rate might be sustainable. It's the fourth positive month in a row, which is a record - in the past I've only managed 3 positive months in a row. If I can maintain this, I could easily reach my annual goal of beating $9,500 (last year I realised $9,225). In my first week of trading CFDs I came in with a $A30 profit, which doesn't sound much but given the Australian market went nowhere, a 36% compound annual rate of return is pretty good I think :) This contrasts with my negative futures performance earlier in the month. As a result, my Interactive Brokers account lost 2.92% against a 5.99% rise in the NASDAQ 100 index, which I use as a trading benchmark. Gains in my U.S. taxable accounts (+Roth IRA) totalled about $1,400 or 1.6%. I'm still waiting for the figure on margin interest charged. As mentioned earlier in the month I reached the breakeven goal for these accounts and maintained that at month's end. But overall net worth slipped back below half a million USD. The full monthly report will be coming in a few days.

No comments: