I bought FAS and URE in the 3ish rally fakeout. I was in chat with Think or Swim because my account was not displaying real time quotes; I didn’t even notice the market tanking into close. The quote thing kinda messed things up a bit today. However, I loaded up on these stocks last Thursday on a similar beginning of a rally so those trades were not bad. I had like a .15 gain in my short of AZK, but it bounced up just as quickly it dropped.
My aim of following my exit rules was achieved today even though the $ results were ugly. I was not anxious about it all even though I was “losing money”. I guess I just needed to talk about it and write several posts about it to get a little perspective.
|FAS||-.10||L||Stopped out; ETFs need more than .10 stop
|URE||-.06||L||Exited at EOD – rally failed
|AZK||-.02||S||Exited on 10/60 SMA Cross on 1 Min|