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2008 - Qtr 1

 
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ChickenHawk



Joined: 24 Apr 2005
Posts: 247
Location: Houston, Texas

PostPosted: Thu Apr 03, 2008 8:15 am    Post subject: 2008 - Qtr 1 Reply with quote

It's that time of year. The good news is that I still have a 401k. The not so bad news is that for the 1st qtr I am down - 11.80%

I say... not so bad... because for a couple of weeks It was a hard decision to stay with the 401k or cash it in ( It came within 3k of my absolute minimum). Though, I still expect a bumpy ride for the 2nd qtr, but the 3rd and 4th I'm projecting a target of 18-20%

As Rick might say, "The market is not designed to stay down…it has to go up eventually!"

The breakdown for 2008 is:

Jan -11.46%
Feb -7.71%
Mar -11.80%
So far in April -9.05%...back on track again!

Am I nervous about the market? Heck no! I still have my absolute minimum where I will bail out, and trading stocks USING THE CANDLES has been even better for me this year.

When the market lost 400 points one day…gained 200 the next….repeating itself over and over again, I was still able to manage 3 out of 4 stock trades ending positive +++…that's +75% POSITIVE TRADES …using only Candles!! And this was Swing Trading…holding most stocks for 1-2 weeks……Candles Rule! Another Thanks Steve!

Right now, I have filed my taxes for the year and waiting for the "Free Money" from Uncle Sam.

See you tonight in the Stock Chat!
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