Wild Small Range Day Stopping Out Of Positions Like Crazy

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December 18, 2008

Right off the bat when the market opened down and I saw the commodities dropping with OIL I sold my YZC and UYG for gains of 8% and 9%.

I bought more APWR @ 5.49 today doubling my position. Sold the whole thing @ 5.84 for an avg gain of 15.6% on the total position.

JASO stopped out with a double digit profit as well. I’m getting lazy as I write this and want to be quick.

Bought CIT today and stopped out @ slight profit – had as much as 5% at one point.
Bought ABK, FAS, MTL, IPHS this morning. All were stopped out with losses. ABK -5%, MTL -6%, IPHS, -1%, FAS -3%. MTL and FAS were the larger positions and ABK and IPHS (but neither was larger than APWR) were of extremely little damage as they were chump change.

I would have bought some inverse 3x etf’s with the market breakdown, but I shot my wad for the day.

I may cover my index longs at the close depending on how this market acts near 3:30 window.


  • http://www.stockrake.com StockRake

    range got big fast.

  • http://www.stockrake.com StockRake

    range got big fast.