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Saturday, August 9, 2008

Week in Review: August 9th, 2008

Challenge Accounts:

Investing Account Balance:
$324.82
Stock / Futures Trading Balance: $954.13
Online Savings Balance: $47.39

Personal Trading Thoughts: I'm very wary of this rally in the stock market. It's pretty volatile. I'm still majority cash. I had a small swing trade in CRBC in my personal accounts that's shaping up well and I'd like to see CRBC get to $5.00 on a long term swing trade ... but honestly, there's not a lot of capital dedicated for that trade. Just watching and waiting really.

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
.


This is the weekly recap video ...



On Monday, I'm going to discuss the US Dollar in a bit more detail ...

* * *

Investing Account Balance: $324.82
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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