Global Trading Dispatch's Trade Alert Service posted a new all-time high yesterday, clocking a 50.9% return since inception. The 2012 YTD return is now at 10.71%. That takes the average annualized return up to 30.1%, ranking it among the top five performing hedge funds in the world. Those happy subscribers who bought my service on May 23 have seen every one of my 11 trade recommendations turn profitable, reaping a 15.32% gain from my advice.
I really nailed the top of the market on April 2, piling on hefty short positions in the S&P 500 (NYSEARCA:SPY) and the Russell 2000 (NYSEARCA:IWM) within a week. Predicting that the conflagration in Europe would get worse, my heavy short in the Euro (NYSEARCA:FXE), (NYSEARCA:EUO) was a total home run. I took in opportunistic profits trading the Japanese yen (NYSEARCA:FXY), (NYSEARCA:YCS) and the Treasury bond market (NYSEARCA:TLT) from the short side. I was then able to lock in these profits by covering all of my shorts within 60 seconds of the May 28 market bottom.
In June I caught almost the entire move up with a portfolio packed with "RISK ON" trades. I picked up Apple (NASDAQ:AAPL) at $530 for a rapid $50 gain. I seized the once in a lifetime opportunity to buy JP Morgan (NYSE:JPM) at a 40% discount to book value, picking up shares at $31, correctly analyzing that the "London Whale" problem was confined and solvable. My long position in Walt Disney (NYSE:DIS) performed like the park's "Trip to the Moon" ride. While Hewlett Packard (NYSE:HPQ) fell a disappointing 5% on me, I was able to add 140 basis points to my performance through time decay on an options position.
My satisfaction in all of this comes from the knowledge that thousands of followers are making money in the markets that never would otherwise. I am protecting them from getting ripped off by the sharks on Wall Street with their conflicted and indifferent research. I am expanding their understanding of not just financial markets, but the world at large. And I am doing this during some of the most difficult trading conditions in history.
Earlier this week, I added a short position in the (SPY), expecting that Ben Bernanke would fail to deliver QE3. That assessment proved correct, delivering my 11th consecutive profitable trade. The roster is below:
Global Trading Dispatch, my highly innovative and successful trade-mentoring program, earned a net return for readers of 40.17% in 2011. The service includes my Trade Alert Service, daily newsletter, real-time trading portfolio, an enormous trading idea database, and live biweekly strategy webinars. To subscribe, please go to my website at madhedgefundtrader.com, find the "Global Trading Dispatch" box on the right, and click on the lime green "SUBSCRIBE NOW" button.