Thursday, August 13, 2009

My early morning losses & other trades

I was down $56 in the first hour of trading because of the market's indecisive direction and I was getting shaken out. Looking back I am quite pleased that I didn't let this affect me at all and I continued to make better trades into the day and recouped my losses and was up over $50 in intra-day trading.

EK: Bought 100 shares a@ 4.32, stopped out at 4.26 = $8 loss
SKF:Bought 100 shares @ $29.09, stopped out at $28.80 = $31 loss
BAC: Bought 100 shares @ $16.65, stopped out at $16.48 = $17 loss

I made about $20 later in the day with EK, buying 300 shares of UNG at $12.52 late yesterday and selling this morning at $12.79, and shorting COIN from yesterday and closing out my position pre-market for about $20.

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