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.
Tuesday, February 10, 2009
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.
Monday, February 9, 2009
UNG Forming Rounded Bottom?
You be the judge. Here’s an intraday chart of UNG. As posted earlier, I’m long UNG @ 18.24. So far the position’s been holding very well with the market whipsaws.
Entries on market close – Friday 2/6
Long SMN @ 34.90
Short XLU @ 29.99
Markets are not appearing to enjoy the delay in the stimulus package. I don’t care for the fact that the markets are heavily news driven right now and as a result have kept my positions very small with stops very tight. Here are my stats for the year, thusfar.
| Statistics | |
| Stocks | |
| Number of Shares | 495 |
| Win / Loss % | 87.50% |
| Profit / Loss | $ 377.86 |
Thursday, January 29, 2009
Sold SRS (Half Position)
Sold half of my SRS position for a +5 gain. I will happily take a 10% gain without hesitation. 10% gains with 2% losses? I can still win with a 20% success ratio.