Sold my 25 shares of SDS at 77.62.

The market was lower for the first couple of hours of the day, but I was too late in seeing the reversal. I could have sold this in the morning for a nice little gain. Instead, I finally ahd to give up hope on a further decline and take my losses so I could move on.

Realized a loss of -$70.27, for a return of -3.51%.

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

Sold 25 Shares of SDS at 77.62

Long 25 shares of SDS at 79.87. In case you don’t know, SDS is the Pro Shares Ultra Short S&P 500 ETF. You buy this because you think the market is headed lower.

I saw the market turning in the afternoon so I sold my long position (SSO) and bought the SDS to make money on the move down.

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

Bought 25 Shares of SDS at 79.87