May was my best month of the 2008 year as far as trading in the stock market goes with a strong performance that came from momentum trading.
I didn't trade as often as previous months this year, but sticking in top industry groups I definitely got the best of some high flying momentum plays.
Below are the May 2008 results from both my portfolio (with TD Ameritrade) and the benchmark I use, the S&P 500:
Total Portfolio Return: +15.9%
Total S&P 500 Return: +1.07%
I made a total of five trades in May: three were wins and two were losses for a batting average of .600. This is also a single month record for 2008.
What it really comes down to is cutting my losses short, because my biggest loss in May was a whopping -1.76% compared my biggest gain of +15.3%. My average loss for the month was -1.48% compared to my average return of a staggering 11.97%.
You Can Win Too
All three of my big winner trades were posted right here on the stocktradingtogo.com site and the coolest part was getting emails and comments from those readers who did the trades and made money with me. Here are three highlightable wins from this past month:
- ANR For the Win, 7% Return in One Day
- 14% Return in Three Days, Thank You LDK
- Dryships Stock Breakout a Beauty (sold my DRYS at $100.66 on May 14th)
My Trading Pholosophy
I am a big believer in cutting your losses short, and letting your runners run. You can read my trading rules for a breakdown of how I trade.