Monday, October 11, 2010

Closed the Gamble.

Well today I made some major moves but the most important item was to get that Damn monkey off my back in SPXU. I was gambling that past results would play in my favor, but this time the SPY went through 115 and hasn’t looked back yet. I took a larger loss than I cared for because I didn’t use a stop loss and I was on vacation when I was doing the entire transaction, but ultimately I’m responsible for my good moves and bad moves. I will try not to gamble from this point forward.

Sold SPXU for a loss of $266.07, ouch. Sold TWI for a profit of $41.98.

Today I created positions in LVS, JASO, NG, SVM, and UPRO. I had a good day in the new positions, but my sales for the day make it look bad. I still have time to turn October back my way.

($224.09) realized profit today. October realized gain = ($309.12) AVG = ($44.17) a day. Personal goal = $50 a day.  7 of 21 trading days for October complete.

Unrealized and still holding: $311.00

PRX - $115

LVS - $99

JASO - ($14)

NG - $38

SVM - $48

UPRO – $25

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