Update

The SMT stock portfolio is back in the lead for now with +27%.

Mustang Sally switched sides a little too soon and has given back a big chunk of her profits.

This has been a very difficult year for everyone so far. I suspect the winners come next July will turn out to be the traders that have the patience to wait for good setups. Unfortunately most people aren’t capable of sitting on the sidelines. They jump in and out of trades trying to make something happen. Usually they just over trade and end up making their broker money but very little profits for themselves.

We aren’t in the same environment this year as last year. The first half of the year produced lots of volatility. It’s hard to make money in extremely volatile markets. I suspect we’re going to get more volatility soon with the elections and another rate hike coming. So I’m not sure it’s going to get any easier the last 4 months of the year.