I sold my full UYG position, which I entered on March 19, 2009 at 2.71 per share.
Apparently, I’m developing quite a knack for selling too soon. UYG closed the day up about 30 cents from the point I sold in the morning, which was a pretty big move to miss. Not that I’m complaining about a winning trade, but I definitely want to take note of transactions like this to hopefully learn something and do a little better the next time.
After commissions, and a dividend payment, my realized gain on this trade was 16.4%.
Gains, Sell, UYG
I took another position in UYG this morning. It was in a low volume trading range at the time, and I’m expecting a break-out to the upside later today or tomorrow. I set a stop loss at 2.54 so this will have a little room to move, but won’t do too much damage if I’m wrong.
Buy, UYG
*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.
Finally emptied my UYG position. This is another example of a trade that I let get away from me for way too long. I stuck with it, and kept averaging down. Things were painful for a while, but I was finally saved in the end by a nice Financial sector recovery. This trade worked out, but it wasn’t a smart way to go about it and I won’t soon forget the pain I was feeling on this one. Hopefully that is a lesson learned for good.
Realized a gain of $1,825.95, for a return of 31.42%
Gains, Sell, UYG
*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.
Averaging down and adding to my UYG position. I continue to believe the Financials are oversold and the bad news is being overblown. I would buy more, but this is all I could buy with the remaining cash in my account.
Buy, UYG
After realizing lots of losses, this is my hope for salvation. At 2.01 per share this just looks too cheap too me and I think we are closer to getting good news in the Financial sector than we are more bad news.
This purchase gives me a total of 2,350 shares of UYG at an average price per share of 2.30.
Buy, UYG
I bought another 750 shares of UYG (Ultra Financials ProShares) at 2.61 this morning.
I still want to reduce my exposure to the Financial Sector, but the selloff this morning didn’t make any sense to me so I thought it would be a chance to lower my cost basis on the UYG. I don’t want to be in this for long and I’m hoping to trade out of it soon.
This purchase gives me a total of 950 shares of UYG at an average price per share of 2.71.
Buy, UYG
*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 200 shares of UYG (Ultra Financials ProShares) at 3.07. I would have bought more, but I only had enough cash in my account for 200 shares and I wasn’t ready to sell off anything else at the time.
UYG is a Financial Sector ETF. The financials were really taking a beating up to this point, but the news started looking better and better. It sounded like nationalization of banks was definitely off the table so I decided to add more Financial sector exposure (to go along with my large weighting in BAC).
We should finally get word from the Treasury on Monday (CNBC – Treasury Still Honing Wide-Ranging Financial Aid Plan) regarding the Financial bailout (or whatever they plan to do) and as long as nothing crazy pops up I think this will trade much higher over the coming week.
Buy, UYG
