The Trade Alert service of the Mad Hedge Fund Trader has posted a year-to-date gain of 43.24%, a new all time high. Performance since inception 33 months ago soared to 98.29%. This pegs the average annualized return at 35.7%, putting me in the absolute top tier of all hedge fund managers.
These numbers come off the back of a blistering September month to date of up +5.66%. Some 72% of all Trade Alerts since the beginning have been profitable. Carving out the closed 2013 trades alone, 42 out of 51 have made money, a success rate of 82%. In addition, we are carrying six open trades, which are profitable. It is a track record that most big hedge funds would kill for.
This performance was only made possible by correctly calling the near term direction of stocks, bonds, foreign currencies, energy, precious metals and the agricultural products. This may sound easy, until you try it. Some retirement!
My big win this month has been my major short position in the Japanese yen (FXY), (YCS), which is probing new lows against the dollar as we speak. The Japan win on hosting the 2020 Olympics gave the beleaguered Japanese currency some extra downside momentum. The yen has already collapsed in the crosses, and a further major breakdown against the dollar is imminent.
We really coined it on a short position in the Euro (FXE), coming out near the bottom. A new position in copper producer, Freeport McMoRan (FCX), become immediately profitable, jumping some 5% after the Trade Alert went out. I jumped at the $60 selloff in Apple shares in the wake of their latest product launch, instantly, moving into the green with this holding as well. The same is true for my long in the Australian dollar (FXA).
Only my oil short left me with a hickey, which I stopped out of, thanks to the Syria gas attack. Still, if I had held it for only two more hours it would have made money when the Russian peace initiative for Syria was announced. Risk control is paramount if you want to swing for the fences. Welcome to show business.
The coming autumn promises to deliver a harvest of new trading opportunities. On the menu are the taper, a new Fed governor, a debt ceiling crisis, a possible war with Syria, and the death of the bull market in bonds. The Trade Alerts should be coming hot and heavy.
Global Trading Dispatch, my highly innovative and successful trade-mentoring program, earned a net return for readers of 40.17% in 2011 and 14.87% in 2012. The service includes my Trade Alert Service and my daily newsletter, the Diary of a Mad Hedge Fund Trader. You also get a real-time trading portfolio, an enormous trading idea database, and live biweekly strategy webinars, Global Trading Dispatch PRO adds Jim Parker’s Mad Day Trader service to the mix.
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