Monday, January 3, 2011
The reason for the lackluster number: not following my stops. On at least 5 occasions I did not have a hard stop in place and I decided to hold on to the trade after it went against me, for much larger losses. I should really put a hard stop in place every single time.
It is now 2 year in a row that I underperform the S&P500. Time to step up my game!
Thursday, December 16, 2010
The recently enacted Patient Protection and Affordable Care Act of 2010 also known as Health Care Reform has changed the rules for the purchase of over the counter (OTC) products using my Flexible Spending Account (FSA).
FSA funds can no longer be used to purchase OTC medicine and drugs unless a medicine or drug is prescribed.
The OTC items affected include items in the following categories:
Acid controllers, allergy and sinus, antibiotics, anti-diarrhea, anti-gas, anti-itch and insect bites, anti parasitic treatments, baby rash ointments, cold sore remedies, cough, cold and flu, digestive aids, laxatives, motion sickness, pain relief, sleep aids, stomach remedies.
FSA funds can still be used to purchase OTC items that are not considered a medicine or drug (e.g. bandages, splints, contact lens solution, etc).
Sunday, December 5, 2010
2011 Contribution Limits
401k - $16,500
Roth IRA - $5,000 if Modified Adjusted Gross Income below $107,000 ($169,000 if married filing jointly)
2010 Contribution Limits
401K - $16,500
Roth IRA - $5,000 if Modified Adjusted Gross Income below $105,000 ($167,000 if married filing jointly)
Tuesday, September 14, 2010
A move above resistance may send the shorts for cover.
In the meantime, TLT has bounced off resistance and seems to be heading higher, which is not a good sign for stocks.
Trade idea for tomorrow:
If SPY moves above today's high and TLT shows some weakness, go long SPY with a stop below today's low.
Inversely if SPY trades below today's low while TLT is moving higher, short SPY with a stop above today's high .
Monday, May 17, 2010
Friday, February 12, 2010
This score is now 801 which is a nice increase from last year's 790.