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My Little Trading Account Is Up 28% For October?!?

Posted by Sean | Posted under Investing | October 30, 2008

Alright. I closed out my little three day romp with Brazil. Or rather, I set a (too tight?) trailing stop loss near the morning peak and it triggered in an hour or so. EWZ went on to have a small rally at the end of the day. Ehhh… it can run without me. I don’t have any strong convictions and people seem less fearful.

So here we are again with the “mini-maniac” account, back in cash.

All I can do is reflect on the month that was. October was fantastic, especially for a long-only account. Started at $8,800. Ended at $11,200. Spent maybe a half-dozen days in the market and two of them were the most violent upswings I’ve ever seen. Might have been a busier month if I did not have a bias against inverse indexes.

(note to self: not every month will be this good!)

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4 Comments so far
  1. Miranda October 31, 2008 6:50 am

    It’s all about buying on the dips and selling on the violent upswings :) Congrats! Buy your wife something nice…

  2. Sean November 1, 2008 8:56 am

    Hehe… even if I was down 28%, I need to get her something nice. :-)

  3. Budges are Sexy November 4, 2008 10:56 pm

    wow, that’s freakin’ amazing congrats! are you a fortune teller?

  4. Sean November 5, 2008 1:01 am

    Nah, I’m just a contrarian having fun. If I could tell the future, I’d have been twice as greedy.