Report Card

At the end of 2010, I reviewed my performance and identified some areas for adjustments.  I've reported on my progress several times, so it's time for another look.

1. Take profits sooner (B+) - I've been doing better with new acquisitions, but am still holding on to the stocks that I've had for a while.  NGG is over 10%, but I'm still holding out for 11%.  Clearly this could burn me, so I've given myself a lower grade than on the prior reports.
2. Reduce or cap investment pool (C) - I've effectively done this by moving a significant investment into index ETFs.  Although I'm still considering these holdings part of the trading pool.  It's resulting in me being over 80% invested since mid-March.
3. Quit bottom feeding (B+) - I'm still holding my own here.  I've turned over several more premium stocks, but have not compromised my ability to pick up bargains when available.
4. Dabble in Index Funds (B) -  I've finally bought in and reduced some of the money that was sitting in a money market.  However, I'm still not sure how I will use these funds.  I'm leaning toward profit taking when available instead of buy and hold.  This is detailed in other posts.
5. Don't sweat employment (A) - I've been on the bench since February 19th.  Although trading has been good, I'm starting to get a little anxious.  I'm not worried about finances, but it's just getting boring. 

Overall Grade (B+) - I'm quite pleased with what I learned during this year end assessment and how I've improved my strategy as a result.  I'm going to have to repeat this evaluation at the middle or end of 2011.