Challenge results for July

Well the first month of the challenge has come and gone. In my pre FOMC video I warned that I thought 25 would not be enough and the market might rebel. That appears to have been the case. I advised everyone to get out of everything this morning and wait to see how the day progressed. It turns out we may have exited everything with almost 100% of our gains. This is turning out to be one of our best years ever.

On to the challenge results.

  1. The SMT metal portfolio +35%
  2. The SMT general portfolio officially +22% based on the last completed trade (but taking a drawdown and basically back to even if marked to market).
  3. Allan H +18%
  4. Alex P +10%
  5. Charlie D +7%