Wednesday, February 6, 2008

Glimmer of hope

My portfolio shot forward over a percent today and ended up losing .30% by the end of the day. I lost less than the major indexes, so I guess that's a plus.

This is the worst YTD start for the the S&P 500 EVER so don't feel too awful about losing some money. Things will come back (they always have) and there will be some great opportunities to make lots of money.

As of today, the portfolio is down 12.23% which is my worst YTD showing ever. I am convinced that I need to continue trading because as soon as I go to cash things will turn around. I still think money can be made despite the declining tape. I might reconsider that when I'm down 20% for the year--we'll see.

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