Thursday, May 07, 2009
Trades - May 7th, 2009
I'm trying to not look at my brokerage account these days; in fact, I'm trying to not even look at the market AT ALL. I'm down big at the moment and hopefully have the capital to ride out the pain. Plus, I figure if those sheeple mutual fund investors can *not look* at their statements, then why can't I, right?
The other day I dumped my palladium at $226.00 or so. That I bought around $390.00 last year. This trade was made reluctantly to free up some funds in my futures account. Watch that thing skyrocket to $1,000 now!
I dumped my ultrashort long-term Treasury position at I think 49.75. This was a good sized position and I figure if TBT runs 20 points, I should do okay with my SRS and FAZ *investments*. Ideally I'd hold it but I needed to take dough some off the table. Hopefully, I'll be able to re-enter TBT at decent prices in the future.
And I did add to FAZ yesterday at 5.26 or so. My break-even must be around $14 now.
I also dumped my small DELL position this week (sold at 12.20?). That was a profitable trade I initiated in the fall/winter. Again, I'd look up and relay the precise details, but that would entail logging into my account and seeing the ugly balance.