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Thursday, August 14, 2008

Debt Free is the New Sexy ...

"Debt is the slavery of the free" - Publilius Syrus

Challenge Project Accounts:

Investing Account Balance: $301.09
Stock / Futures Trading Balance: $954.13
Interest Bearing Balance: $47.39

Personal Trading Thoughts: In my personal accounts, I'm still within the CRBC trade. I think tomorrow should prove interesting, and I'm looking for an up-day. If we get that, then I'll probably stick to my profit target of $5.00. If not, I may take my profits sooner.

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 .


In todays video, we'll talk about debt ratios, recessions, and the new sexy ...



Tomorrow, I'm not going to discuss trading. Tomorrow I'm going to discuss how I got my start, with investing..

* * *

Challenge Project Accounts:

Investing Account Balance:
$301.09
Stock / Futures Trading Balance: $954.13
Interest Bearing Balance: $47.39

Total Trades: 6
Largest Inter-trade Drawdown: $86.51
Consecutive Losing Trades (Drawdown): 2
Average Drawdown: $56.63
Average Loss: $74.27
Accuracy Rate: 33%
Average Reward: $175.34
Risk : Reward Ratio: 1 : 2.1
Trading Money Gain / (Loss): Up + $53.84

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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