$10,000 in assets

I managed to reach $10,000 in assets today thanks to my long position in derivatives.
I closed it today. My profit equals 1130.2 PLN =$ 556.

I write about my trading in details in my Polish blog.

Well, I`m happy to get into a new territory above a $10,000 mark.

Next goal is to make at least $15,000 within a year.

I started in September 2007 from nothing so I`m doing pretty well in difficult times.

Saving and investing could make wonders together.

I don`t know what next step to take yet but I feel relaxed because I don`t have to push myself to find new profitable investments.

I guess I will study companies` reports and look for real opportunities to buy something undervalued.

Will the bull survive till 8/8/2008 ?

Well, everything looked very bad, but all of the sudden the markets started to bounce back on Wednesday.

I decided to try some speculation and opened long position for Polish stocks index WIG20 on Thursday morning.

So far it`s been ok.

We see strong financials and weak commodities.

I guess it could conntinue for at least 3 weeks till the opening of the Olympic Games in Beijing. 8/8/2008 looks like a perfect day to finish this correction movement.

8 is a lucky number in China. Let`s hope it`ll help us make some bucks.

1250 broken @S&P500

Strong sell signal today.

Hard times are coming.

Be prepared for the worst.

The markets may recover in summer

In my opinion, many markets should recover a bit now.

In Poland stocks have been losing for many months. The losing streak is the longest in our history of capital markets.

Therefore I decided to look for some real bargains and bought some stocks of venture capital fund MCI for 6.60 a piece.

Last year the price was over 30.

If it bounces to 10 or 12, I will be happy and make a couple of bucks.

It`s a pure speculation.

Unfortunately, my longterm outlook is still gloomy and I don`t invest money in stocks for long now but only started analysis for real investments.

I rememeber many people predicted that the real collaps would happen during Olympic Games in August. Let`s wait and see.

Don`t keep losing stocks in your portfolio !

I hope you are able to manage your money and don`t keep losing stocks in your portfolio.
20 % down means bye bye for me.

Don`t become a longterm investor because your equity went down so much that you just keep it.

It`s time to read balance sheets of companies and hunt for gems.

There are dozens of undervalued profitable companies but the trend is down and I`d wait with agressive buying.

Technical analysis should help when to decide to start purchasing.

I`m only in index funds and a little in mutual funds.

Bear market offers fantastic opportunities to buy but don`t be hasty.

Good luck and get down to work.