4th of July

Happy 4th of July to everyone.

I am happy with my results for the week. I could not sleep the night before the unemployment numbers were to be posted. Unfortunately the data did not fair too well and the market crumbled. With a short week for the markets I do not know if this coming Monday the market will go up or down. Odds are in favor of a bearish move, but the drop was so significant relative to weekly moves since March '09 lows I feel there could be a bounce from here.

In either case it is just my opinion and the market does not care about my opinions. On another note I have finally got into the green for the year, but after compute my 2009 federal taxes to date I fear the worst. my trades created a lot of taxes that I am required to pay and that reduces my profit down to a red number again. This leads me to the all so important progress chart.

I had promised to post my stock progress on this blog, but procrastination is my best trait so I have yet to done so. I decided to make it through Excel and post the data as a weekly line graph. There are a few factors I will incorporate into the chart that I have not seen other blog traders do. That is I will also post my entire life's trading results, and my profits after federal and state taxes. That way all these factors will help me get my yearly tax returns done promptly and give readers a different perspective about gains and losses. The data is in the works as I type this post and hopefully I can get it done before the end of next week.