May was a good swing-trading month for me, but I’m ready for some volatility in June
There was literally one day of trading in the month of May that showed the market still had a heartbeat to it still. Nonetheless, I managed to make it another profitable month of swing-trading as you can see the results that I have posted in my past performance.
So here we are now in June, once this month is done for, it will mark the half way point of the trading year. I personally would crave the opportunity for there to be some renewed bearishness that can sustain itself beyond just one trading session. Because of late, that is the best you can hope for in this market. But what I hope for and what I actually do when it comes to trading are two separate things. You see hope is fine, as long as you don’t make it the basis of your trading or even let it factor into your decision making. For now, I remain long on this market because that is the only opportunity the market has given us to profit of late.
Meanwhile, the Volatility Index (VIX) rallied 10% higher today… at one point… but of course the afternoon VIX crush came online and took it back down to where it only finished up 0.29% on the day. I personally couldn’t even imagine what it must be like to be trading the leveraged VIX vehicles like TVIX and UVXY. Their dreams are not only getting crushed daily, but intraday as well.
I’m ready to take on the market and whatever June has in store for me. Managing the risk, and booking the profits as they come. It is simple, to the point, and I look forward to June being another profitable month on SharePlanner.
S&P 500 Chart
Current Stock Trading Portfolio Balance:
- 4 Long Positions, 1 Short Position
Recent Stock Trade Notables:
- AVGO: Long at 236.65, closed at 241.15 for a 2% profit.
- SPXU: Long at 16.60, closed at 16.98 for a 2.3% profit.
- JP Morgan Chase (JPM): Long at 87.84, closed at 85.98 for a 2.1% loss.
- Micron Technology (MU): Long at $29.00, closed at 28.04 for a 3.3% loss.
- Alibaba Group (BABA): Long at $116.25, closed at $124.09 for a 6.7% profit.
- Southwest Airlines (LUV): Long at $58.35, closed at 57.23 for a 1.9% loss.
- Broadcom (AVGO): Long at $223.63, closed at $228.65 for a 2.2% profit.
- Workday (WDAY): Long at 86.00, closed at 90.32 for a 5% profit.
- Univar (UNVR): Long at $30.96, closed at $32.20 for a 4% profit.
- Alibaba Group (BABA): Long at $111.91, closed at $115.48 for a 3.2% profit.
- Redhat (RHT): Long at $85.21, closed at $87.21 foor a 2.4% profit.
- Darling Ingredients (DAR): Long at $15.19, closed at $14.90 for a 1.9% loss.
- Apple (AAPL): Long at $143.82, closed at $147.11 for a 2.3% profit.
- Teradyne (TER): Long at $31.16, closed at $33.03 for a 6.0% profit.
- UPRO: Long at $92.75, closed at $94.78 for a 2.2% profit.
- Murphy Oil (MUR): Long at $28.69, closed at $27.89 for a 2.7% loss.
- Las Vegas Sands (LVS): Long at $57.24, closed at $56.53 for a 1.2% loss.
- UPRO: Long at $91.94, closed at $96.54 for a 5.0% profit.
- Alibaba Group (BABA): Long at $105.736, closed at $108.22 for a 2.4% profit.
- Facebook (FB): Long at $134.27, Closed at $139.23 for a 3.7% profit.
- CDW Corp (CDW): Long at $58.65, closed at $58.91 for a 2.7% loss.
- Redhat (RHT): Long at $82.41, Closed at $83.53 for a 1.4% profit.
- Ambarella (AMBA): Long at $57.15, Closed at $55.52 for a 2.8% loss.
- Alibaba Group (BABA): Long at $104.73, closed at $106.05 for a 1.3% profit.
- Broadcom (AVGO): Long at $218.63, Closed at $222.71 for a 1.9% profit.
- American Airlines (AAL): Short at $44.76, Closed at $44.03 for a 1.6% profit.
- UPRO (Day-Tade): Long at $95.35, closed at $96.50 for a 1.2% profit.
- OZRK: Long at $56.12, closed at $54.69 for a 2.5% loss.
- FNSR: Long at $34.25, closed at $34.70 for a 1.3% profit.
- UPRO (Day-Tade): Long at $96.92, closed at $98.03 for a 1.2% profit.
- JP Morgan Chase (JPM): Long at $87.21, closed at $89.67 for a 2.8% profit.
- Chevron (CVX): Short at $110.03, covered at $111.85 for a 1.6% loss.
- Flex Technologies (FLEX): Long at $15.62, closed at $16.57 for a 6.1% profit.
- Baidu (BIDU): Long at $174.70, closed at $187.00 for a 7.0% profit.
- Ollie’s Bargain Outlet: Long at 33.20, closed at $32.50 for a 2.1% loss.
- Corning (GLW): Long at $26.98, closed at $27.45 for a 1.7% profit.
- Illinois Tool Works (ITW): Long at $127.74, closed at $129.86 for a 1.7% profit.
- Marriott Int’l (MAR): Long at $86.16, closed at $87.51 for a 1.6% profit.