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Tuesday, June 10, 2008

Investing Thoughts - Bank of America (BAC)

Challenge Accounts:

Investing Account Balance:
$252.64
Stock / Futures Trading Balance: $825.61
Online Savings Balance: $32.22

Personal Trading Thoughts: Nothing at the moment, could change on a dime.

Personal Investing Thoughts: See my video below, as I offer my biggest idea for my investment portfolios. But overall, I'm just watching and waiting. Summer is here, and the market will be weaker. Many years, I turn my DRIP off in the summer, and receive straight cash. But not this summer. We've been in a bear market, and the market is offering bargain prices on many stocks. Therefore, my DRIP will remain on, so that I can accumulate more shares at better prices to DCA ...


I made a comment a little while ago regarding BAC, and possibly looking to DCA my position with them. This raised some questions, which I address in this video ...



I did put in the video that it was a "Trading Thoughts" video. Which really isn't correct. This is more of an "Investing Thoughts" video, as I'm looking to own BAC for some time to come.

* * *

Investing Account Balance: $252.64
Stock / Futures Trading Balance: $825.61
Online Savings Balance: $32.22


Total Trades: 4
Largest Inter-trade Drawdown: $86.51
Consecutive Losing Trades (Drawdown): 2
Average Drawdown: $65.50
Average Loss: $79.84
Accuracy Rate: 25%
Average Reward: $179.75
Risk : Reward Ratio: 1 : 2.1
Trading Money Gain / (Loss): Down - ($59.68)

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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