While I am not dining at the Chez Paul for breakfast, lunch, and dinner every-day-of-the-week just yet, I’m close. Actually this would be impossible as the Chez Paul closed in 1995. In short, I had a break through July, one for the ages. All accounts I manage were up sharply from the short term options only account to the IRAs to the Cryptocurrency account.
I go through these streaks every so often where I can do no wrong: Earnings trades? I’ve had a few 5 plus baggers. Long term stock positions? All comfortably beating the S&P. Front month and second month option positions? Same story.
Bragging? Hardly.
I’m sitting here trying to risk manage and protect capital, because I am all grown up now. Gone are the days when I parlay my gains into Vegas trips where I engage in questionable acts of indecency. Ones that involve wheelchairs and Flamingo pink slips. Do you know how hard it is to get thrown out of the Flamingo?
On a serious note, this little blog has found an audience, and July saw a decent uptick in readership. I couldn’t be happier about that. I started this for fun and as an outlet to get my thoughts on virtual paper. While it is mostly market related, I may go off topic once a week starting next month. I have no real plans for the blog other than to try and generate some ideas for you guys and put in front of you things I am seeing. If I put someone in front of a trade and they make money that is awesome. I’ll also try and pick out a couple of news stories each month to commentate on if there is something interesting.
I received a few emails from readers last month and I believe I responded to all of them. Reach out any time.
Let’s make August a great one and thanks for reading!
OC