Comments on: September 2006 Review

By: ugly

ugly — Sun, 01 Oct 2006 16:11:16 +0000

paul: sounds like you have a system that works for you – and that is what is important.
Richard: “take whatever comes” – that’s a good plan and I’ll try to do that same.
indigo-alien: thanks for the alpha suggestion – great idea. It is interesting that none of the alpha stocks are making all-time highs. Very interesting… Thanks for pointing it out.

By: stocktickr blog » Blog Archive » Monthly Trading Results - September 2006

Sat, 30 Sep 2006 11:33:36 +0000

[...] Like other traders out there, I’m glad September is over. It seems like everyone is looking forward to October thinking things will get better – even moreso than the yearning we heard for September back in August. [...]

By: indigo-alien

indigo-alien — Sat, 30 Sep 2006 08:10:24 +0000

If you recall, I was the one who suggested that you add the “high alpha” marker to your all-time highs list. As I said then, those are the golden stocks that are easy to trade and they fit right in with your “greatest paradoxes of the stock market” quote.

Have a look at that list today, and note how many of them are high alpha stocks. It is not a wonder that trading has been difficult lately.

By: Richard

Richard — Sat, 30 Sep 2006 01:43:56 +0000

LOL at “starving chartist”. That’s good.

The highchartpatterns.com folks warned me back in August that September would probably be just as bad, if not worse. But, I was still hopeful that things would be better. Nope! So, I’m not thinking anything about next month. Just gonna take whatever comes.

By: paul

paul — Fri, 29 Sep 2006 22:45:58 +0000

I don’t track my profits and losses each day but I calculate my liquid net worth
from all sources – investment account, checking account, trading account and
Profunds accounts. By the way, I think Profunds has the best interest income in their money market account (money waiting to be put to work)

Each account has a basic balance (ie. 50,000, 75000, etc – except the checking account) I take each weeks excesses and transfers them to the checking account. If there is a negative to the “basic balance” that is restored from the checking account. I live out of the checking account. If it goes to $0 I reduce a basic balance and if it goes to $10,000 I move up a basic balance in one account by $5000. Net worth tells the story. I monitor the checking account and the total liquid net worth.

It is very easy – although I might not have explained it very well – but I start out my trading account and the others (except the checking account) with the same balance on Mondays.

As for R’s – I understand the concept completely -