New stock picks this week:

No new picks

Existing & new holdings:

Contribution this week: $0

Starting account value = $2,093.10

Account value = $1,813.05 (without margin)

Buying power = $0

[tag]Portfolio Gain/loss[/tag] this week = -13.38%

[tag]Portfolio[/tag] Gain/Loss for JUNE 2009 = -18.37%

Portfolio Gain/loss for 2009 = -17.95%

[tag]Annual Return[/tag] (CAGR): -31.32%

I made a costly mistake this week, which caused my portfolio lost more than allowed. Unfortunately I realized it too late. Well I corrected my strategy a bit, so hopefully next time this won’t happen again. I am going to write about this topic in my next post.

Are you interested in Reverse Scale Strategy and see how it works when implemented to even a small account?

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GMCR was sold on stop loss today:

International paper was sold on stop loss order today:

The answer is easy – not, [tag]Visa[/tag] (V) is not affected at all. You may oppose this answer arguing that it is a [tag]financial institute[/tag], so when people stop paying their [tag]debt[/tag] in their Visa accounts the company gets hit. It is a big misunderstanding how Visa operates. Many people believe that Visa lends [tag]money[/tag] and even a friend of mine who trades [tag]stocks[/tag] told me when we spoke together and I informed him I bought some shares, that this may have been a dangerous move because these days delinquency ratio would grow up significantly.
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New stock picks this week:

Green Mountain Coffee Roasters Inc (GMCR)
International Paper Co (IP)

Existing & new holdings:

Contribution this week: $0

Starting account value = $2,254.50

Account value = $2,093.10 (without margin)

Buying power = $2,398.60

[tag]Portfolio Gain/loss[/tag] this week = -7.16%

[tag]Portfolio[/tag] Gain/Loss for JUNE 2009 = -5.76%

Portfolio Gain/loss for 2009 = -5.28%

[tag]Annual Return[/tag] (CAGR): -20.71%

Although the stock market ended higher for the week, almost all my stocks in my watch list and in my account were hit hard. So, let’s see what will happen next week. Is this down trend beginning of a long term correction, or just profit taking? The most important would be Monday’s trading to find out.

Are you interested in Reverse Scale Strategy and see how it works when implemented to even a small account?

Stay updated with Hello Suckers

Today I also bought Green Mountain Coffee Roasters Inc (GMCR). I bought 14 shares @ 62.11 and set my stop loss @ 55.31. Total risk per trade will be 11.02% which is 3% of the entire portfolio value.

Today I bought International Paper (IP). I bought 55 shares @ 15.80 and set my stop loss @ 13.60. Total risk per trade will be 13.68% which is 3% of the entire portfolio value. The stock broke up from a short consolidation and indicates following an up-trend.