Coming off two VERY light trading months, we were able to take advantage of 17 trades in November, with an average return of 2.18% per trade and a 78% win rate. This is somewhat typical when the volatility cranks up, and it was a welcome sight after the past two, very quiet months. For those following the Covestor Model that I manage, we added a little over 4% to the portfolio value last month as well.
The most obvious question on my mind is: Will volatility continue or perhaps even improve? Who knows, but historically speaking December is a good month in this respect. And with recent events in Europe, the banking system, and our own government there is a decent chance volatility will increase even more. In any case, we'll just lay low and follow the rigid rules of the trading system.
Good Trading...
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