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Thursday, July 3, 2008

Scalping or Trending? Singles or Home Runs?

Challenge Accounts:

Investing Account Balance:
$191.81 ($5.00 Deposit processing)
Stock / Futures Trading Balance: $915.61
Online Savings Balance: $37.30 ($5.00 Deposit processing)

Personal Trading Thoughts: We'll see. Basically on the trading front, everything is hanging around the major indices. Primarily the DOW. Since July 4th weekend is tomorrow, and the markets are generally thin before a holiday? I probably (probably) won't be trading today ...

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 ...


There are two ways to look at the markets. You can be a trend player? Or a scalper. What are the benefits to each?



Tomorrow? Well guys, I'm taking the day off tomorrow. It's July the 4th. I'll try to have a week in review up on July the 5th.

* * *

Investing Account Balance: $191.81 ($5.00 Deposit processing)
Stock / Futures Trading Balance: $915.61
Online Savings Balance: $37.30 ($5.00 Deposit processing)


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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