Covered my CAB short at 8.40 for a loss of 700$. And as soon as I covered, stock tanked and closed at 8.12! 
Also, did a small trade with DRYS, lost 15$ or so.
The last two days has seriously impacted my confidence and I think I need to re-evaluate everything.
I am not sure if I will be trading today, if I do, will post an update in the evening.
Trade Well,
RJ
P.S.: As I am watching pre-market action right now, FAZ is back at 65$!
4 responses so far ↓
1 abc // Feb 28, 2009 at 12:00 am
don’t trade that often. and try a long trade instead of all these short trades, its much easier psychologically.
2 slotmonkey // Feb 28, 2009 at 11:51 am
Ramta,
You gotta cut your losses fast before they get outa hand man. The trade starts with a well selected entry point, ie, it should go your way from that point. If it doesn’t go as planned, personally I give it 2 to 3% and I’m outa there.
I did a post on how my FAZ turned out http://slotmarket.blogspot.com/
3 tim // Mar 12, 2009 at 6:53 pm
r u gone??? no updates:D
4 RJ // Mar 12, 2009 at 7:12 pm
No Tim, I am not gone, not able to post the updates. Will do it this weekend.
RJ
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