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Saturday, September 13, 2008

Week in Review for September 13, 2008: Lehman Brothers (LEH), The Fed, and September! Oh My!

Quotations of the Day:

"There are many methods for predicting the future. For example, you can read horoscopes, tea leaves, tarot cards, or crystal balls. Collectively, these methods are known as "nutty methods." Or you can put well-researched facts into sophisticated computer models, more commonly referred to as "a complete waste of time." - Scott Adams


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Challenge Accounts:

Investing Account Balance:
$435.34
Stock / Futures Trading Balance: $954.13
Online Savings Balance: $47.51

Personal Trading Thoughts: Still within the CRBC trade in my personal accounts, and it's now nearing my total profit goal. Tightened up my profit stop, so profits are locked in.

Personal Investing Thoughts: Ok. We take out the lower lows on the DOW? I'll be looking to be a buyer of another investing DRIP dividend stock when enough time passes (about two months from today), and we get 50% past the lower low. My DRIP remains on for all of the stocks that I continue to hold.

Lehman Brothers (LEH) has folks spooked right now, and it's at times like these, that I just stand on the sidelines.



Lehman, The Fed, and September! Oh my! ... (Video Included)



Have a safe weekend. On Monday, I'm going to talk about being "Patience: The Investor and Traders Ally"...

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Challenge Project Account Balances and
Money Management Numbers:

Investing Account Balance:
$435.34
Stock / Futures Trading Balance: $954.13
Online Savings Balance: $47.51

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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