Friday, December 5, 2008

Closed Longs.

Well I've closed the long trade scheduled for 12/13 Nov. I jumped the gun and tried to pick a bottom around 900-910 on the SP500. The 2 day jump cost me dearly. Next time I'll stick to the plan. My loss was magnified since I went all in w/ leveraged ETFs.

If I'd stuck to the plan, I would have at least broken even w/ a possibility of a 5% profit. Live and learn.

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