I forgot to mention one thing in my last post about RMBS trade. After I shorted RMBS and it started spiking up and market was also going up dramatically, to hedge against my position in IB, I went long 400 shares of RMBS at 9.5 in my TOS a/c to hedge against my IB position. [...]
Feb 25th Update
February 25th, 2009 · 3 Comments · General
Feb 20th Update
February 24th, 2009 · No Comments · General
Sorry, I could not update my Friday’s trades right away. Did pretty well until the market end. Financials spiked very hard in the last hour and I got caught up in that. Against my better judgment, I decided to hold over the weekend. It did turn out to be a very costly mistake. Status as [...]
Feb 20th Watches
February 20th, 2009 · 2 Comments · General
1. HIG – If it starts tanking again, I am in. 2. WFMI – Up by 30% yesterday. There was a sell off towards end of the day. It might give back some of these gains. 3. PRU – Another financial which could tank. 4. BAC and C – Ride the train going in to [...]
Feb 19th Update – I love HIG!
February 19th, 2009 · No Comments · General
Short summary for now: Today was the first day I could trade this week. I could not spend as much time as I would like to prepare, but I decided to trade anyway. I feel that if I don’t trade for couple of days, the next time when I trade, it is kind of difficult. [...]
Feb 12th Update aka I know why PDT was a good idea
February 12th, 2009 · 3 Comments · General
Well, guess what, another RED day (loss of ~60$) for me! It’s entirely my fault. I had two good winning trades, one in HIG (up by 315$) and one in DRYS (100$). Instead of leaving these two tickers on their own, I decided to play them again and lost money. Not only that, I played [...]