New Closing Highs For Markets

Broader Market Weekly Performance: Dow +0.61% S&P +0.87% Nasdaq +2.11% Russell +1.27% www.BookingAlpha.com Are you following BookingAlpha on Twitter? Check us out at @BookingAlpha and gain even more insight to our thoughts, plans, and trades. MARKET UPDATE: Please refer to Friday's blog update for our thoughts regarding a Market Update: Not Even OpEx Can Move Markets, More Profitable Trades, SPY Roll Adjustment, New DIA Strangle Navigate wisely and stay profitable, my friends. Happy trading! Check out my latest interview on Benzinga and TraderInterviews.com BOOKINGALPHA UPDATE: Monthly Trading Service Commentary: The final August position, an IWM Iron Condor, expired worthless during Friday OpEx. The Monthly Trading Service continued its profitable run for August posting an +11.04% gain after the +4.70% gain for July. Since May the Monthly Trading Service has posted a +31.42% portfolio gain while always maintaining a minimum 20% cash reserve. While losses are unfortunate, they are a part of trading. Looking at past trading years you will see drawdowns like this do occur and ultimately, how we prevailed. This is not a justification, merely a reminder that this situation is still within the realm of normal portfolio gyration. While it may be uncomfortable and is surely no fun, my position sizing allows for these drawdowns providing enough capital to recover. See past year's results and let them speak for themselves. For more information please read: Generating Alpha Comes With Volatility Monthly Trading Service YTD vs S&P 500: +9.83% YTD BookingAlpha Monthly Advisory vs. +12.76% YTD S&P 500 See Trading Record Weekly Trading Service Commentary: The Weekly Service closed 2 trades this week for a +54.21% gain and a -5.23% loss. A roll adjustment was required of a SPY put position which was executed for a net credit (that is a good thing). A new DIA strangle was also deployed to allow us to benefit in either a continued melt-up or a well deserved pullback. The Weekly Trading Service has posted a portfolio gain of +25.3% in the past 6 weeks while always maintaining at least a 20% cash reserve. While losses are unfortunate, they are a part of trading. Looking at past trading years you will see drawdowns like this do occur and ultimately, how we prevailed. This is not a justification, merely a reminder that this situation is still within the realm of normal portfolio gyration. While it may be uncomfortable and is surely no fun, my position sizing allows for these drawdowns providing enough capital to recover. See past year's results and let them speak for themselves. For more information please read: Generating Alpha Comes With Volatility. Weekly Trading Service YTD vs S&P 500: -3.83% YTD BookingAlpha Weekly Advisory Portfolio vs. +12.76% YTD S&P 500 See Trading Record Check out the BookingAlpha Trading Record Check out my latest interviews at TraderInterviews.com & Benzinga: Subscribe today and don't miss out on your next profit opportunity! Review us and read what other have to say at Investimonials!