December 1, 2010

Updown Performance : November +0%

Practice invest

My Updown account was unchanged in October 2010 but  the S&P 500 was up a little bit at +0.4%.  

So far in 2010 I'm still up 15.3% while the S&P 500 is up 6.4%.  I'm now beating the index by 8.8% so far this year

Since starting Updown  in March 2008 I'm up 18.9%  while the S&P 500 is down 10.7%.   My annualized return is 7.3%.

I made several trades in November.

I sold off my INTC at $20.99.   I had paid $17.96 at the end of August.   So thats about $3 increase and 17% profit in just over 2 months.

I also cashed in some profits on several holdings.   I sold CVX at $82.89, CTL at $41.62 and some more at $42.74, KO at $63.97 and WIN at $13.20.  

I bought GM at $34.16.   This is a short term speculative purchase and I intend to sell it once it goes up 10%.

Just a reminder:  Updown  is just a game.   I use it to play around with stock picking strategies.   I wouldn't want to test out strategies with real money.   If something works pretty well in Updown then I might try it out in real life but chances are I won't.  

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