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Monday, July 28, 2008

When Do You Take Home Some Money?

Challenge Accounts:

Investing Account Balance:
$241.09
Stock / Futures Trading Balance: $986.79
Online Savings Balance: $37.30

Personal Trading Thoughts: I'm eye'ing up a few Commodity Futures markets. I'd like Sugar #11 to rise this week, and out of the side of my eye, I'm watching Live Cattle. Right now, I'm waiting for setups, not entries. I'm not so sure about the Metals right now.

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 ...


The point of trading, is make money for yourself. The eventual point? Is that you are going to take home some of those profits that your account has gained. What are some things to keep in mind? I discuss that today ...



* * *

Investing Account Balance: $241.09
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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