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Four month report: How do we stand?

With today being July 19th, it marks four full months of trading on this site. How do we stand?

As with most things involving trading, there is both good and bad to report.

As far as booked profits go, that is to the good. Starting with $10, 000 in March, I’ve made $4,282.60 on top of that, so I count myself as being still on track to hit my goal of doubling the original stake within a year.

On the downside, well the biggest one without a doubt has been the family health issues that hit hard in June. In addition to everything else, it has curtailed my ability to follow the markets, and no doubt the results as well. Don’t kid yourself: when someone tells you your health is everything, believe them!

As for the trades, the Cape Cod Doug blog (i.e., me) has hit its first real stinker, with shares of Cost Plus (CPWM) swooning to lows as we speak. It’s never fun being “stuck” with a loser, and its a good reminder I’m not really stuck, all I gotta do is hit the sell button, but there is sense sugarcoating that this is the first serious setback since putting up this blog.

I also have an open position in BZQ that is profitable as we speak, offsetting the CPWM disaster to a point.

So that’s the four month report. The next eight promise to be just as interesting!

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