Sitting in cash today enabled me to have some time to look over my performance for the month of November.

As you can see from updated track record, like just about everyone else I had a good, but not particularly great month overall. I made 11 trades (10 winners & 1 loser) and the total profit was $25,418.50. For the month, my trading portfolio was up +2.9% (well below the +3.5% gain in the Dow & S&P 500 and the +5.2% gain in the Nasdaq).

My biggest mistake in November was not letting my etf winners run. I took profits too soon (as usual), and while in hindsight that cost me money, I would do the same exact thing if presented with the same exact setup. So, I can't be too hard on myself. Sound risk management doesn't always pay huge dividends, but in the long run it keeps you in the game and usually far ahead of the herd. Which, in the end, is all I can expect and demand of myself.

As I set out in last month's performance review, I set an aggressive but achievable goal of a +17.5% gain for the year. Year to date I'm currently up +16% so I'm currently on track to hit, if not surpass that goal. However, there's lots of work and trades to be made over the next month and I'm very much looking forward to the challenge. I hope you are as well.