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Wednesday, July 9, 2008

Answering a Question Regarding P/E Ratios and more on Peter Schiff ...

Challenge Accounts:

Investing Account Balance:
Stock / Futures Trading Balance: $915.61
Online Savings Balance: $37.30

Personal Trading Thoughts: Helping a friend dig out his foundation today and lay new drainage ...

Personal Investing Thoughts: Overall, I'm just watching and waiting. Summer is here, and the market is generally weaker in the summer, so I'm not a buyer. 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'm going to answer a question in this video regarding P/E ratios. At the end of the video, I make a few follow up comments regarding Peter Schiff from what I discussed yesterday.

You know, it's interesting. People proved me right after I made those comments regarding Peter Schiff. People who are new to the game develop economic heroes. I made a couple of very innocent comments yesterday regarding Peter. And what was the result?

I receive vulgarity across my YouTube channel comments. I get attacked in PM's and in comments. I am called "A worshiper of the American Empire".

For what? For saying "Look at every side of the issue for yourself"?

Does that seem reasonable to you? Does that seem like these people have looked at every side of the issue? Or does it seem to you to be hero worship? I'm not here to be anyone's "economic hero". I'm trying to help people become their own economic adviser.

Tomorrow we'll discuss a bit more on scalping ...

* * *

Investing Account Balance: $197.55
Stock / Futures Trading Balance: $915.61
Online Savings Balance: $37.30

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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