Hey Guys,
My portfolio is up again this morning. At this point, my unrealized account value is about 4% below the peak value it had back in early May, which means my account is almost fully restored from May's drawdown. At my lowest point in May, it was about 18% below its peak value. That was a serious drawdown. It's come a long way back and that's exciting, not only because I recovered the money, but also because it means I successfully lived through a drawdown. To my mind, that might be the name of the game when it comes to profiting from a back-tested edge. It's such a hard thing to do because there is no guarantee of the future, and it means you're taking a real risk each time you make a trade. Congrats to all of you who survived the drawdown along with me! That's quite an accomplishment considering the turbulence and uncertainty we faced in May.
I noticed ADM is up nicely this morning. That's yet another example where patience might pay off. Right out of the gate, ADM went straight down. But as always, I just stuck to the plan and let it run its course, and now its price is hanging out somewhat close to the profit target.
I bought CVS and FNV this morning. I also closed EOG and LBTYA this morning since they hit their time limits. Both had a profit, although LBTYA was barely above breakeven.