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%.

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Sold Full UYG Position at 3.18 Per Share

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Bought 350 Shares of UYG at 2.71

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%

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

Sold 2600 Shares of UYG at 2.94

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.

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Bought 250 Shares of UYG at 1.59

This purchase gives me a total of 2,350 shares of UYG at an average price per share of 2.30.

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Bought 1400 Shares of UYG at 2.01

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.

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Bought 750 Shares of UYG at 2.61

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.

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

Bought 200 Shares of UYG at 3.07