 Hey navigation traders welcome to this month's update every month I like to take a couple minutes just to update you on our trades from the previous month Their month in the books. So let's recap May a great month of trading. We had 16 closed trades 14 of which were winners total profit of over $4,600 which is actually our highest profit amount since we've started posting which is excellent so I'll go into the details of All the different trades to break that down for you the different strategies traded had a lot of short strangles iron condors Implied volatility stayed relatively high and a lot of symbols So selling premium was a big part of our strategy last month Also had a long put vertical and then still in earnings season a little bit So we had some pre earnings long straddle and a post earnings short strangle So let's jump in and take a look at the different trades. Let's go to this page first This is navigation trading comm for slash performance. So this is open to anyone Not just our pro members, but this gives you the updated trade statistics. So you're today in 2018 We've had 65 closed trades. Our average profit is up to 209 dollars per trade with a winning percentage over 87 percent. So awesome stats Here's the May breakdown All the different trades you can see the two losers were a pre earnings long straddle in Apple and then a pre earnings long straddle in Costco that didn't quite work out for us all the others were nice winners And I'll break down these here in just a second You can see as I mentioned a lot of short strangles iron condors Selling premium in the month of May on this page just for your reference We go back and show all of our trades losers and winners. You can see all the trades from 2018 Then we also break down 2017 from when we very first started posting which was in June of 2017 so you can see all the trades that we've made Since that point So let's go to the membership area. So if you're a pro member and you log in Here's what that's gonna look like and we just we're clicking on closed trades And so let's break down the different trades that we made throughout the month of May Starting with May 1st was the first exit where we did that Apple pre earnings long straddle lost $70 on that trade We just didn't get the the expansion of implied volatility or the movement we needed so we took a small loss there Tesla we did a long put vertical meaning we were we're getting short Tesla worked out nicely booked a profit of $256 CL oil one of my favorite trading strategies anytime CL gets above that 50 on the implied volatility I love to sell premium and oil particularly short strangles because you get such a good bang for the buck Booked a profit of $530 on that one In video did a pre earnings long straddle worked out really nicely got an expansion in implied volatility and a big price move Which is what we wanted booked a profit of $556 In ZN, which is the 10-year notes did a short strangle See how we had to do a couple adjustments there, but stayed mechanical booked a profit of over $140 there Facebook we did a post-earning short strangle worked out nicely for $148 GLD the gold ETF booked a profit of $192 on that one did have to make one adjustment here, but by doing so we're able to come out with a profit there EEM short strangle in and out for $195 there 6e which is the euro future traded options on that booked a nice profit of over 287 on that one EWW which is the Mexican ETF no adjustments needed there booked a quick profit of just under a hundred dollars there IYR which is the real estate ETF booked a profit of 150 there and then on FXI We had a couple positions come in that we closed One of which being FXI which we had been in for quite some time and you can see all the different Adjustments and roles that we had to do here, but by staying mechanical Extending duration continued up to adjust exactly like we teach in our course booked a profit of 760 bucks there. So great great trade in FXI CL another oil trade booked another profit of 490 there and then this one is soybeans Look how long this list is this is one that we've been in for almost a year and When we first got into it the trade went immediately against us Significantly, so we had to extend duration and roll and adjust and just like we teach in the course You know what with if a trade goes against you that typically just means that you're going to be in that trade Longer than the typical one cycle in and out trade So you can see we made a ton of adjustments here and after all that came out with a total profit of exactly a thousand dollars So kind of interesting there great great kind of test study on Staying mechanical with your adjustments is a great trade to kind of learn from for those of you who followed on the whole time Which I know there was several of you XRT did a short strangle booked a quick profit of 104 Costco the pre earnings long straddle Didn't get the move or expansion implied volatility that we wanted took a loss of 194 This last trade in Amazon. This was in June So this doesn't count towards our May but started off with a small winner in June here So those are all the trades. Let's just go back to this for easy reference We're only trading on a lot of these one contract at the most five on some of these lower price symbols You know with this total profit of over 4,600 You know if you're if you're trading more contracts than this just multiply that times the number of contracts use trade We have some members trading five to ten times the number of contracts we show here And so you can just multiply that those profits out You can trade these types of strategies in any size account and that's why we we like to show a relatively small number of contracts So that you understand that you can do this with a relatively small account or you can do it with a massive account So we have we have people with small accounts all the way up to multiple seven figure accounts as our members So hope that was helpful implied volatility is still relatively high in in quite a few symbols Which bodes well for the type of trading that we do. We've had some good two-sided action So continues to be a great time to trade these strategies if if you're interested in checking out our pro membership where you get all these alerts just go to products and Click on pro membership or in the upper right hand corner. You do have that pro membership trial if you want to check that out So navigation trading comm Pro dash member that'll give you all the details for what our pro membership is all about And we have just recently opened it up So we had we had closed down for a few months because of such a huge inflow of members We are caught up and ready to accept additional members. So it's it's now open check it out If you're interested can't wait to have you on board and watch you grow as a trader happy trading everybody talk to you next time You