Friday, October 8, 2010

The unstoppable SPY

It looks like the SPY and or S&P500 is just going to keep pushing forward no matter what the news is, so let’s ride the wave till it fails.

I thought I was going to have a really awesome day until I checked the pre-market and once again the same organization downgraded my newest purchase. It also managed to take the entire group down. Still made money with them combined, but it is just not fair sometimes.

SOLF was the stock that was downgraded by Auriga and this is the same company that slammed JASO a week ago. Initially JASO slip a bit, but then came roaring back. I got stopped out of SOLF and JASO today. I made money on JASO, but lost money on SOLF

SPXU, I just keep getting pounded on this one. I have a sell order on the profit side, but no stop loss, so I’m fighting the trend. This was my gamble and so far it was and is a bust. I will have to suck it up and sell it next week.

PRX had a good day and was up 1.56%. My last position TWI also had a good day and was up 4.23%.

$38.03 realized profit today. October realized gain = ($85.13) AVG = ($14.18) a day. Personal goal = $50 a day.  6 of 21 trading days for October complete.

Unrealized and still holding:

PRX - $115

TWI - $110

SPXU - ($254)

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