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Covered 100 Shares of WFC at 18.67

February 4th, 2009

*Note – I made this trade before launching ClearTrades.com so the details are a little light. You can expect to see more information on trades made in the future.

Covered my short of WFC, 100 shares at 18.67.

I’m not sure why I covered this so quickly. I guess I got scared. I missed a few dollars of downside the following day. This one was a mistake and I should have seen it coming. Lesson learned- be more patient and allow for more of a loss before getting out. I think the pressure on my BAC shares at the time scared me a bit and I didn’t want to end up with another financial loser.

Realized gain of $4.18, for a return of 0.22%.

Buy to Cover, Gains, WFC

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