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Saturday, September 20, 2008

Week In Review: Welcome to the "New" Week In Review

"When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed." - Ayn Rand

* * *

Challenge Accounts:

Investing Account Balance:
$461.52
Stock / Futures Trading Balance: $954.13
Online Savings Balance: $47.51

Personal Investing and Trading Thoughts: I will either have a video on Sunday, that will discuss this very thing, or I may even do a Blog TV on this topic. Guys. It's time ... to be concerned. It wasn't the credit crisis that did it. It was one thing. The ban on short selling of 799 stocks.


I've talked about the short selling ban a lot lately folks. I'll talk about it a little more today. And yes ... it is that serious. It really, really is. That ban? Has concerned me much more than the credit crisis ever could have. (Video Included)



Have a safe weekend.

* * *

Challenge Project Account Balances and
Money Management Numbers:

Investing Account Balance:
$461.52
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

Note: 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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