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Saturday, August 23, 2008

Week in Review for August 23, 2008

Quotations of the Day:

"Hard work's a good distraction." - Scott Westerfeld


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Challenge Accounts:

Investing Account Balance:
$310.54
Stock / Futures Trading Balance: $954.13
Online Savings Balance: $47.39

Personal Trading Thoughts: The room that you usually see me record these videos in? Well, I was so graciously informed (ONLY TWO DAYS AGO) that my wife plans to paint it. Not planning on trading, as long as the disaster that is fixing up this place continues on around me, as I'm trying to work. Can you tell I'm frustrated?

Personal Investing Thoughts: DRIP remains on for all of my stocks. I have my eye on a few stocks for my long term investment portfolio. But also I have in mind that there are signs of weakness in the midst of this relief rally. In addition, September is a month of extreme seasonal weakness. Therefore, I will wait. Sometimes, the best thing you can do with investing, is know when to just wait.



Welcome to the week in Review. We discuss distractions, the DOW, the U.S. Dollar, and colliding trends ... (video included)



On Monday, we discuss an old mantra of Warren Buffett ...

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Challenge Project Account Balances and
Money Management Numbers:

Investing Account Balance:
$310.54
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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