April results

April proved to be an exceptional month for the DJW5K. It was also a very good one for me. The market put in a +3.77% month, while I posted +2.64%. I think the biggest reason for my deficit was the fact that I started the month with two positions, OI and DYN. Because my work involves the big tax April 15th "deadline" (EXTENSIONS, PEOPLE!!) and I'm responsible for managing the annual audits at the same time, as well as the Q4 close, I have little time for anything other than work. I went all but one day of February and all of March without adding a single position. As a result, I missed out on a decent portion of one of the hottest market months in a long time.

Since resuming trading in my IRA on October 1, 2006, I've posted an average monthly return of 1.99% vs. 1.65% for the DJW5K.

Winners vs. losers are still running at about a 40/60 clip with winners now returning more than 10% over an average 43 days held, while losers are returning just over a 4% loss over 11 trading days. The numbers continue to improve as the strategy matures.

May your breadth be minty fresh.