Monday, October 6, 2008

Positions update

Closed my short position of 1000 RZ from last Wednesday @ 7.80 at 7:26PST for a profit of about $566 after commissions. Wow, pretty good considering the ugly ugly spread on this one at times. I rarely pay attention to the exact amount of profit I make; I just want to know if I made a solid trade or not and the profit will take care of itself. I know I could have made closer to $1000 if I had bought the stock back on Thursday or Friday, but I noticed around this time it bottomed out during those days so that's why I closed my position now. I try not to think about the "coulda shouldas" and not be emotionally attached to the stock. I don't want to be greedy either. This one really tested my patience and I'm ready to move on.

No comments: