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Tuesday, May 13, 2008

Charting 101 - I Forgot this Bit Regarding Indicators . . .

Challenge Accounts:

Investing Account Balance:
$247.27
Stock / Futures Trading Balance: $734.39
Online Savings Balance: $27.15

Personal Trading Thoughts: As far as the broad overall stock market, I'm still not a buyer at these levels.

In the Futures arena for the Challenge Project, I had a failed attempt at a Lean Hog trade yesterday. Tried to get into Lean Hog June 68 Put yesterday at .275, and it was just a no-go. Market didn't bite. Because the option was a bit "out of the money" because that's what the Challenge Account could afford. As I mentioned yesterday, the Challenge Accounts can't afford a whole lot. I am 'possibly' looking at attempting to get in again today. It all depends on how the open turns out at 10:05 a.m. It also depends on if I can accurately guess where the options pit will open up at. I might be able to get this option for a bit cheaper than I was looking to purchase it for yesterday.

Personal Investing Thoughts: We are fast approaching the end of May. Which means investors generally "walk away" for the summer months. Again, I won't turn my DRIP off this summer to receive straight cash, as many stocks are still 'on sale'. I want the DRIP to benefit from this correction we've had.


Oops. Between computers melting down, and two weeks in Mexico, somehow this video slipped away from me. It was meant to conclude the Charting 101 series . . .



* * *

Investing Account Balance: $247.27
Stock / Futures Trading Balance: $734.39
Online Savings Balance: $27.15


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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