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Saturday, August 16, 2008

The Week In Review: Inflation Numbers and the Continuing Strength in the US Dollar

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

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
.


Welcome to the 'Week in Review', where we discuss inflation, the inflation markets, and the U.S. Dollar. Please excuse that when I show the chart in the following video? I say: "This chart of oil". I mean, the chart of the US Dollar ...



On Monday, I begin to discuss my own financial education, and the books I'd recommend.

* * *

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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