The live trading results are +6.60% for the month and +9.10% for Q2. We stopped trading live at the close on June 18 and then have patiently waited for a drawdown entry alert. As an active trader, it is difficult to sit and wait. We believe that our risk adjusted returns will be greater longer term with this approach since it allows us to create a buffer for changes in the market, system degradation, and technical errors.
The Portfolio we were trading would have given back about 1% since June 18 if we had kept trading live. We will update the Portfolio Calculator over the weekend and wait for additional drawdown for our drawdown entry alert as described in the video.
The hypothetical signals in the One Million MNS 123 was -$6,700 today which would have been -$1,340 in the 250K Portfolio. The Stock Index Portfolio 18 was up +$700 on the V-Reversal short trade today.
The two top portfolios we recommend are the Stock Index Portfolio 18 and the One Million MNS 123 which is part of our 250K Managed.
The VIX was up today and closed at 12.44.
The first half was all about big cap tech. It will be interesting to see what happens in the second half as we enter an election cycle. Historically the VIX rises towards 18 on election years as we move into November.
The second half of 2024 starts on Monday.
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