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Saturday, August 30, 2008

The Week in Review: Tai-Pan by James Clavell, Frontline Ltd (FRO), The Challenge Project Deposit and the New Watchlist

Quotations of the Day:

"The man who doesn't read good books has no advantage over the man who can't read them." - Mark Twain


* * *

Challenge Accounts:

Investing Account Balance:
$317.05
Stock / Futures Trading Balance: $954.13
Online Savings Balance: $47.39

Personal Trading Thoughts: This is a long weekend, with no trading on Monday, due to Labor Day. Just passing the time until trading begins in earnest again on Tuesday.

Personal Investing Thoughts: I discuss those in the following video ....



Welcome to the week in Review. We discuss a favorite book of mine, Frontline Ltd., (FRO), as well as deposits to the Challenge Project and a new addition to this daily blog ... (video included)



On Monday, we discuss battle scars ...

* * *

Challenge Project Account Balances and
Money Management Numbers:

Investing Account Balance:
$317.05
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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