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Monday, August 18, 2008

My Alma Mater? Books

Challenge Accounts:

Investing Account Balance:
$313.97
Stock / Futures Trading Balance: $954.13
Online Savings Balance: $47.39

Personal Trading Thoughts: For those paying attention, the biggest news is the continuing strength in the US Dollar. Gold is now down over $200 from it's highs. Europe is really struggling. In my personal accounts, the CRBC trade swung above $4.11, and settled at $4.23. The resistance now is at the $4.50 region. We break that, and we're on to $5.00, which is about my profit goal. That'd give me a risk reward ratio of about 1 risk to 3 reward, which I'd be more than happy with.

Personal Investing Thoughts: At the start of this relief rally, I bought a bit of GE for my personal investing accounts. But honestly, it was a pretty small amount. 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
.


I've received a series of questions, that sort of relates to the same topic. These questions are along the lines of "Where did you receive your education? Where did you go to college? What books have you read? What books would you recommend on trading? What books would you recommend on investing? What books would you recommend on investing? I'm going to discuss that topic, in the videos in the next two entries ...



Tomorrow I will answer the question "Which books?" ...

* * *

Challenge Project Account Balances and
Money Management Numbers:

Investing Account Balance:
$313.97
Stock / Futures Trading Balance: $954.13
Online Savings 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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