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%.

This post originally appeared at: Clear Trades. Follow me on Twitter

Covered 100 Shares of WFC at 18.67

Covered my short of 160 shares of BAC at 5.588.

I was too fearful with this one and should have been more patient. I missed out on almost two more dollars of downside, but at least I got out with a gain.

Realized a gain of $72.71, for a 7.4% return.

Not bad for one day, but this should have been a lot better.

This post originally appeared at: Clear Trades. Follow me on Twitter

Covered 160 Shares of BAC at 5.588