2007--The Year in Review
Year in Review--Part One
Last January I listed six goals for my trading during 2007. Even though the last few months have thrown me for a loop, I still managed to accomplish most of my goals. Here they are:
Beat the S&P 500—The S&P 500 made around 4.24% this year. With a half day of trading left, I think I beat it—by 9 times.
Beat the Stock Superstars Portfolio—I’ve already mentioned that Stock Superstars made (6.1%) this year.
Beat Charles Kirk's Yearly Return—Charles hasn’t reported the return he earned this year, but by tracking the trades he made on his members only site, I think I’ve got him beat.
Make 20% on Portfolio—Doubled it at 40.38%.
Match or beat last year's return (62.44%)—Nope. I think I could have made this goal if I had managed my account better and if I had used some market monitors to let me know when to back off of trading. I was up 52.62% on October 31st and if I had gotten out there and waited until things turned around a bit, I think I could have beat this goal.
Control my emotional trading and stick with the program—Much better this year, but I still have a long way to go. I learned to manage my risk much better this year and that helped a lot with the emotions of trading. I still allowed too many outside influences to affect my trading.
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