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Monday, June 16, 2008

Investing Thoughts: Challenge Project - Investment Account Purchase - Bank of America (BAC) ...

Challenge Accounts:

Investing Account Balance:
$243.60
Stock / Futures Trading Balance: $825.61
Online Savings Balance: $32.22

Personal Trading Thoughts: Watching and waiting. Just watched a fantastic Jefferson Krull (THANOS43 on YouTube) fade with IPI. He sold out at $60.50 - which he states this means that this generally means the price will rise. Last I looked? It was at $63.10. LOL.

Personal Investing Thoughts: Discuss them below ...


Consider that one itch scratched. For personal, and Challenge Project, I purchased BAC stock, with the DRIP on (7 shares in for the Challenge Project filled at $30.55). Long term purchase.



* * *

Investing Account Balance: $243.60
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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