February 12, 2008

Net: $26
LFT: $4
DD: $80
Trades: 152
Shares: 19600
Volatility: High

Warren Buffet  announced that he would bail out the bond insurers, it looked as though this was the reason for the morning rally. ES unexpectedly reversed though, right where I sold my DXD. Bought it back again at the end of the session.

es-021208.jpg

Tried to fade SGP but I couldn’t take the ride to the top with my current stop loss. Even though my stop was at $150, being down $80 was not a good feeling.

sgp-021208.png

Time to re-evaluate the market and me after the morning session.

Pretty much penny pinched my way to $30 on the afternoon session.

At the brighter side, I didn’t get stopped out.

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