Well Guys, we're in a profit cycle! I don't have any idea how long it will last, but there's no question we're in one right now. Six of the last seven weeks have been profitable, and this week was a big boy!
This week we made a 6.3% return on our account (assuming you used my position sizing approach). That gives us a 16.3% return overall for the last seven weeks, which is an awesome pace and exceeds the average pace of winnings from historical back tests.
The interesting trades from the week:
1) ACN -- That one had an overnight gap that netted us a huge return.
2) YUMC -- This one came very close to victory when we first traded it, then it went all the way down and got 15 cents away from a loss, and then it reversed again and came all the way back to victory. That was a very long and interesting ride. Gave us a lot of opportunities to practice mindfulness... ;)
Let's see what happens next and how long this profit cycle lasts!
If you have any questions or feedback, I'd love to hear from you.