what a xx I am! closed that xx trade and reversed so now long AND in the hole $680!! ------ Wednesday, October 05, 2011 reversed CL 11-11 Sell 1 77.68 10/5/2011 9:13:37 AM CL 11-11 Buy 1 78.36 10/5/2011 9:34:26 AM CL 11-11 Buy 1 78.37 10/5/2011 9:34:26 AM Sld 1 at 77.68 @ 9:13 Bot 1 @ 78.36 @ 9:34 = -0.68 * 1,000 = -$680
CL 11-11 Sell 1 78.59 10/5/2011 9:41:17 AM closed the long Bot 1 at 78.37 @ 9:34 Sld 1 at 78.59 @ 9:41 =+0.22 * 1,000 = +$220 -$680+$220=-460
Good thing Picaso posted I had forgotten to add the last +$370 so the change in cash for the day is higher. Amended: -$130+$540-$20+$400+370 = $1,160 Opening Cash Balance today $33,080 Change in Cash = +$1,160 Closing Cash Balance $34,240
Here's my otherwise worthless 2-cents. Just as Buddha needed his time of meditation in order to reach enlightenment, some folks require isolation from the world to become better traders. As for NoDoji, I taught her everything she needed. She's now flipping in and out out of her Nirvana. (Hey girl, wuz up?!)
Well, it's called "insurance". Ain't so sure about it's effectiveness though. Anyway, now that the market is about the go down the drain, I'm kinda devising a new plan that includes hedging, something that never really occurred to me before.