June trade results: IRA:-13.82 Tax: -30.5

Final June Results:

June was a bad month. The P&L was negative. I had more winnning trades than loosing ones, but the Calendar trade losses wiped out the gains from the winning trades. The calendar trades also take more capital. I think I need to better allocate my capital for trades across the different strategies (verticals, calendars)

IRA:

Trades: 7 (W5:L2)

Return:-13.82%

Tax:

Return: -30.5%

Trades: 3 (2W:1L)

6/23

The trades I placed last month, which were all closed by today did terribly.

Summary of the trades

AAPL 110P calendar (-57%)

RUT 450P calendar (-58%)

IBM 100/105 double calendar (+28%)

USO 34Puts shorted (assigned)

RUT 520/530 call vertical spread (+13%)

IBM 110/115C vertical (+26%)

Looking at the results there are more wins than losses, however the percentage of the losses are nearly twice the gains. This is just bad risk management. I cannot allow my losses to be nearly twice my gains. So far the net profit for the month is negative due mostly the huge loss from the RUT 450P calendar.

I need do a better job on controlling my losses. I should put a tight noose on losses and not let it get out of control.