Daytrade only 
Thursday, February 12, 2009
Covered XLU Short @ 28.04
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) |
Tuesday, February 10, 2009
Stopped out of USO @ 26.97
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.
Sold SMN @ 38.50
Sold SMN at $38.50 after a 10% move since Friday. Not a bad start to the year thusfar! I’m sure the markets could sink even further from here, but there’s no shame in taking profits. Not in this environment.
Sold UNG @ 19.24
Stopped out of UNG at 19.24 for a 5% gain. Markets are wonky as the new bailout plan was released. Looking to take profits on SMN and possibly XLU later today. Senate vote in about 5 minutes, or 12 EST.