Goldilocks Struggles

At times It happens that things are not going as planned. This is especially true for trading operations in the financial markets. In spite of well intentioned efforts to start paper trading the Goldilocks system, we entered the market at the worst possible time. Trading commenced a few weeks before the recent relatively steep decline in the global stock markets.

Now this would have been real bad, had we put real money on the table to trade. But as it stands, we only made hypothetical trades. Viewed in that light the market decline is beneficial. It provides the opportunity to examine your intestinal fortitude. Are you able to manage 20% to 40% draw downs of your trading capital?

At any rate as of Friday, February 15, 2008 the Goldilocks statistics look as follows:

	GDX	SLV	EWZ	S&P 500
Entry	$50.83	$163.82	$72.86	1527.29
Last	47.75	169.52	78.70	1349.99
Profit/Loss	-6.06%	3.48%	8.02%
Portfolio	-20.99%			-11.61%

The first row in table shows the three ETFs that Goldilocks holds currently, followed by the respective entry price and the last (Friday's) closing price. Next comes the current profit or loss for each of the three ETFs in Goldilocks' portfolio. The last row shows the profit or loss of the Goldilocks system since the beginning of trading. For comparison, the last column in the table shows the S&P 500 statistics for the same period.

Stay tuned for further updates...