2007 was a fairly uneventful year for the trading account. I was pretty quite most of the year and didn’t post all that many trades.
There were a few reasons for my light posting

• I didn’t make very many trades, therefore a little less posting
• The market was very volatile and I opted to stay out of it for the most part
• An overall lack of time, unfortunately my new job really took a toll on my calendar

The good news here is that even with only a few trades the portfolio is up more than 20%! From 118K at the beginning of the year to over 142K today. Remember, this is only a papermoney or fake account – so the gains aren’t real.

In case your wondering… My personal account was up more than 20% this last year. With a very similar amount of trades.

With 2008 coming up quickly, it’s time to set a few priorities.

1. Trade more often – For me it isn’t the volume of trades that matters. It is simply staying up to date on what is happening in the market and feeling comfortable with my trades. Making more trades means staying on top of the market.
2. Continue to rack up the profits – I’m targeting a gain of more than 40% for 2008. I don’t really think it will be a problem. With only a few trades in 2007 I was able to jump up more then 20%, so next year shouldn’t be to hard.

Anyhow, wish me luck into 2008… I’ll be looking for a few January trades in the next couple of days. I’m not making any promises, but I’ll be keeping my eyes open!

Categories: Papermoney