Bought 140 shares of FAS at 6.68, with a stop loss at 6.32.
I took a shot at FAS this morning, but I picked the wrong dip to buy. It dropped to about 6.00 a little while after I bought, and that would have been a good entry point. I entered at the wrong time, but I’m happy I set a stop-loss and stuck with it.
Realized a loss of $63.00, for a return of -6.69%.
Buy, FAS, Losses, Sell
*Note – This is an old trade that I’m posting for tracking purposes. Follow me on Twitter or StockTwits to keep track of my most recent trades, as close to real-time as possible.
Exited my FAS position. I got a little scared and felt like I had to take profits after being down so much on this one. That of course illustrates the problem of letting a bad trade run for so long and not going in with a stop-loss order. Lesson (hopefully) learned.
Realized a gain of $44.92, for a return of 1.93%.
FAS, Gains, Sell
Bought 200 shares of the FAS (FINANCIAL BULL 3X) at 4.9698 per share.
Buy, FAS
Bought 270 shares of the FAS (FINANCIAL BULL 3X) at 4.90 per share.
Buy, FAS
