Long FAS @ 8.05

February 12, 2009 | Posted by Jorge

Daytrade only

Categories: Index and ETFs, Portfolio Progress | Tags: | Comments

Covered XLU Short @ 28.04

February 12, 2009 | Posted by Jorge

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)

Categories: Index and ETFs, Portfolio Progress | Tags: | Comments

Stopped out of USO @ 26.97

February 10, 2009 | Posted by Jorge

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 [...]

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Sold SMN @ 38.50

February 10, 2009 | Posted by Jorge

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.

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Sold UNG @ 19.24

February 10, 2009 | Posted by Jorge

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.

Categories: Index and ETFs, Portfolio Progress | Tags: | Comments