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

Short 100 shares of WFC at 18.85.

I remembered WFC making a huge gain a few days earlier, one that I didn’t think would last. Of course, that was the time to go short, but I didn’t pick a bad time either. It was a bit up and down for a couple of days, but then it fell off considerably. Unfortunately, like with BAC, I covered too soon.

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

SOLD SHORT 100 SHARES OF WFC AT $18.852