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Tuesday, February 16, 2010

Just One of Them Days ...

Tried to short the market today.

Not such a hot idea.

But I actually managed to break a little below even on the trading front. I had a profitable short earlier in the day ($75.00 per contract), but then gave it all back with a short after the equities opened up. After that, I just stepped back, as it had the feel of a day that was just determined to see green. Especially with the Dollars weakness.

As I mentioned on the Facebook page, days like today are why I'm a trader, and also an investor. The dividend stocks are allll green. I'm doubly thankful I averaged down on some of them, where I had the capital to do so (Remember - portfolio management and money management!) So actually, I'm positive for the day, and a dividend incoming for Procter & Gamble (PG). I suppose my "three sisters" works out to be a type of 'hedge' on days like today.

I did want to let everyone know that I'm back to working here at the computer, and will be back with another 'remake' vlog entry in the "Commodity Futures" series soon enough.

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have over 13 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.



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