Classic Stewart v. CNBC and Cramer. Enjoy!
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- Long SMN @ 35, Short XLU @ 30 2009/02/06
Covered XLU short at 28.04. My target was 27.50 but I don’t feel comfortable holding on for those last few cents. 6.5% gain on the trade. Here’s a quick status update on how I’ve traded thusfar.
| Statistics | |
| Stocks | |
| Number of Shares | 695 |
| Win / Loss % | 66.67% |
| Profit / Loss | $ 471.90 |
| Options | |
| Number of Contracts | 2 |
| Win / Loss | 0.00% |
| Profit / Loss | $ (44.00) |
Stopped out EOD at 26.97. 7% loss which was near my max pain threshold. I like to close trades within the last 10 minutes of trading as it removes emotion from the trade. Had USO hit $26, my emergency stop would have been hit, no questions asked. I got half of the energy complex equation correct. A shame crude didn’t rally to the same extent natural gas did the past couple of weeks.