"The only way to trade with Fibonaccis" journal

11/21:

SPY: -$115

 

Missed my buy order by $0.03 today.

11/22:

SPY: -$209

 

118.49 filled I assume, 115.90 next? 1800 shares?

 

Yeah, filled at the open of $118.06.

 

11/23:

SPY: -$1,642

For those of you playing along at home:

200 shares @ 120.24 (after commission)
600 shares @ 118.07 (after commission)

Total: 800 shares @ avg cost of $118.61

Looks like the next Ex-dividend date for SPY is 12/16.

 

Oh just so there's no confusion, the reason the first two entries were below the fib lines is because I had the orders there but price gapped down so I got filled at the open rather than at the actual order level.

Next buy is 1000 shares at $115.86.

 

11/25:

SPY: -$1,818.00

 

long 600 shares SH @ $43.17.

Average cost after commission is $43.18.

 

11/28:

SPY: $878.00
Hedge: -$163.00

Net for this trade:

--------------
$715.00

 

Since SH is just a short S&P fund, isn't buying shares of it equivalent to selling off some of your SPY position?