Bought 100 Shares of SSO at 22.77
*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.
Long 100 shares of SSO at 22.77. I’ve traded the SSO a lot this week, but as of this trade I wasn’t holding any.
Once again, I’m trying to time market momentum. The good news is that this was a good price to get in at. The bad news is that I could have held my original position and been better off, saving the loss on the SDS and saving all of the extra commissions.
Lesson learned- if I’m going to try to time the market I need to be a lot more deliberate with when I buy and sell. I’m probably better off being more patient and giving it some time. With any good news next week I think we are still heading up nicely so I plan to hold on to this one for a little while longer and I think I should come out ahead in the end.
