Portfolio Performance in August : -32% ...

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August was a brutal month for me as the portfolio experienced a large drawdown on the last day of the month. I will be taking an indefinite break from trading. The strategy, which I had been constantly employing failed me terribly. The double digit loss percentage took place at the last day of the month, an abrupt end to a net positive daily performance through the month. Einstein was probably right - the most precious things in life are the experiences which one retrives from their pursuit of wealth

Looking ahead on the market, I am starting to doubt the rally in the stock market. It seems that there are some deflationary pressures at work (Bonds are heading higher while commodities are being subdued. Stocks in the meantime are having a feast) but it is hard to say anything substantial at this point. I think the next few months toward the end of 2010 will tell us where we will be heading in 2011. Until then, I hope to come back with a new post with better news on my trading experiences.