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Friday, June 20, 2008

Video Response to Thom363 on the Price of Oil

Challenge Accounts:

Investing Account Balance:
$225.82
Stock / Futures Trading Balance: $825.61
Online Savings Balance: $32.22

Personal Trading Thoughts: I'm sizing up a trade on Ford (F) in my personal accounts ... I have to see how things shape up. On this front, I'm watching the broad market, and the daily chart for a long. Nothing yet ...

Edit: Pattern breaking down, I'm continuing to monitor it ... 11:20 AM

Personal Investing Thoughts: Overall, I'm just watching and waiting. Summer is here, and the market is generally weaker in the summer. 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 ...


Since this is a blog / vlog, I'm going to insert a personal comment here. I watch a YouTube channel by Thom363. Very well presented information. Today, he opened what I felt was an intelligent dialoge on the price of oil recently. Below, is my video response ...

Here is the link that I'm going to mention in the video. http://timingcharts.com/

Go to the drop box that says: Commodity, and change it to: Crude Oil, and then click: GET CHART. Now go to the bottom of that chart of Crude Oil. You will see the CoT report plotted out at the bottom.




Tomorrow, I'll post up a "Week in Review" video. On Sunday, I'm going to post a video on Stochastics, and then on Monday - I'll try to get back to Futures Options ...

* * *

Investing Account Balance: $225.82
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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