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Wednesday, July 23, 2008

Trader Thoughts on the Financials and Money Management ...

Challenge Accounts:

Investing Account Balance:
Stock / Futures Trading Balance: $986.79
Online Savings Balance: $37.30

Personal Trading Thoughts: We took profits on the last of the Soymeal Put options; namely - the out of the money put option on the Challenge Project.

Personal Investing Thoughts: I picked up a bit of GE yesterday, but just a very, very small bite. We're talking less than 0.02% in only one of my accounts. Call that another 'itch' scratched. 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 ...

We discuss the Soymeal, The Financials, the Challenge Project and Money Management ...

Tomorrow I'm going to discuss Hybrid vehicles and how I apply money management principles ...

* * *

Investing Account Balance: $271.72
Stock / Futures Trading Balance: $986.79
Online Savings Balance: $37.30

Total Trades: 5
Largest Inter-trade Drawdown: $86.51
Consecutive Losing Trades (Drawdown): 2
Average Drawdown: $62.40
Average Loss: $79.81
Accuracy Rate: 40%
Average Reward: $175.34
Risk : Reward Ratio: 1 : 2.2
Trading Money Gain / (Loss): Up - $111.50

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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