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Saturday, August 2, 2008

Week in Review: Cramer Calls a Bottom? After this many "bottoms" should we care?

Challenge Accounts:

Investing Account Balance:
Stock / Futures Trading Balance: $1,011.79
Online Savings Balance: $47.39

Personal Trading Thoughts: Sugar #11 just exploded yesterday. I was looking for a fall in prices actually. So if it's wrong to 'try to catch a falling knife'? Then it's also wrong to try to contain an bomb. I never saw any consolidation, and therefore I will probably let that trade pass by. I'm watching Live Cattle at the moment ....

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. We discuss one market I was 'stalking', and the other market that I'm still stalking ...

We continue Monday ...

* * *

Investing Account Balance: $332.38
Stock / Futures Trading Balance: $1,011.79
Online Savings Balance: $47.39

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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