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Thursday, July 17, 2008

Well ... that certainly was a day ... The DOW rises 276 points on July 16...

Challenge Accounts:

Investing Account Balance:
$192.72
Stock / Futures Trading Balance: $861.20 (Within a trade)
Online Savings Balance: $37.30

Personal Trading Thoughts: Very small bump up yesterday in Soymeal. Seasonal move still on, support now has to be violated at the 408 region ...

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 ...


Well. We end up ... what? 276 points up on the DOW? Wow. What was that all about.

So I start to search the news. I start to browse the net. This is what I find? I discuss that in this video ...



* * *

Investing Account Balance: $192.72
Stock / Futures Trading Balance: $861.20 (Within a trade)
Online Savings Balance: $37.30


Total Trades: 4 (In the 5th trade right now, statistics cover only 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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