Stock Punk Goals for 2008

My goals this year are very similar to the ones I had last year. Here were last year's:

Goals for 2007 (In order of importance)

1) Beat the S&P 500
2) Beat the Stock Superstars Portfolio
3) Beat Charles Kirk's Yearly Return
4) Make 20% on Portfolio
5) Match or beat last year's return (62.44%)
6) Control my emotional trading and stick with the program

For 2008, my Goals are as follows:

1. Beat the S&P 500--Shouldn't be too hard, but I'm already behind on that goal thanks to my irrational trading.
2. Beat Stock Superstars and Prudent Trader Newsletters
3. Make over 20% on my portfolio--My goal is to eventually trade for a living. If I can eek out 20% each year, I'll be able to meet my goal in the next 5 years.
4. Beat last year's return--I'm not doing so hot so far this year. Last year at this time I was up 12%. I've got a ways to go.
5. Control my emotions--I'm a miserable failure so far this year. Hopefully, I'll get a grip and start doing better with this goal.

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 31^st 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.

Goals for 2007 (In order of importance)

1) Beat the S&P 500
2) Beat the Stock Superstars Portfolio
3) Beat Charles Kirk's Yearly Return
4) Make 20% on Portfolio
5) Match or beat last year's return (62.44%)
6) Control my emotional trading and stick with the program