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Thursday, April 10, 2008

Charting 101. Sorta. I'm considering Buying an Apple, and a Discussion on Volume . .

Challenge Accounts:

Investing Account Balance: $241.92

Stock / Futures Trading Balance: $734.39
Online Savings Balance: $22.10

Personal Trading Thoughts: Cash. No positions. We seem to be ranging at the top of the channel that's developed in this market. I have no swing positions as I have a vacation coming up; and I don't want to get caught in the middle of a swing trade, before I leave. Therefore, no trades this month.

Personal Investing Thoughts: Cash is my largest position. I still hold all of my long term stocks, and recently added a very small DTE long term DRIP position this week. My bearish outlook hasn't gone away however. The inflation beast will rear it's head unless the Fed stops cutting rates. But there is another possibility. We could 'channel' for a while. In other words, a short-term bottom might be developing, as the market goes sideways for a while. I'm still prepared for a 35% drawdown from the highs.

That's it. I've had it. Windows Movie Maker is an utter, complete waste and piece of garbage. The stupid thing is? I knew better. I knew better than to take on a project like this, with graphics, charts, sound and whatnot? With Windows. Windows is a piece of garbage when it comes to manipulating video. Why? Because Windows can't handle exceedingly complex memory functions for crap. So believe it or not, I'm actually reading about buying an Apple.

My brother was showing me on his Apple, that he runs Windows XP. What the heck? Why do I still have this piece of junk operating system that that I paid $350.00 for? I don't really play games any more on my PC. Vista is fat piece of bloated licensing nightmare - that eats memory like I eat Hershey Kisses - so I don't even want to go near that monster. I've switched over to using OpenOffice for all of my word processing and spreadsheet functions; since they can use the Word and Excel file formats. Plus I got sick of the licensing costs for Office. So why am I running Windows again?

Regardless, here's the video, such as it is, for today . . .

* * *

Investing Account Balance: $241.92
Stock / Futures Trading Balance: $734.39
Online Savings Balance: $22.10

Total Trades and Investments: 3
Largest Inter-trade Drawdown: $86.51
Consecutive Losing Trades (Drawdown): 2
Average Drawdown: $82.56
Average Loss: $82.56
Accuracy Rate: 33%
Average Reward: $179.75
Risk : Reward Ratio: 1 : 2.02

This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research and tolerance for risk.

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