Sunday, October 12, 2008

Friday's trade. A bad start to a great weekend.

Positions traded
PMI long 2K shares @ 1.91, sold at 1.86.

-$112.99

$6221.89



I really shouldn't have traded Friday. Especially after I realized the potential for each trading day should not be measured by the number of day trades I have. I went long on PMI. Why? honestly I spent the morning scolding myself for not pulling the trigger on trades fast enough. So when I saw a nice 10/60 cross on PMI I went in. I went in 2k shares. In other news, on both of my trades last week I lost $112 and some change.

Interesting convo with Yash on the way back from ATL today. He proposed a negative rate on the part of the FED, as a possible solution. Very interesting and something I would not have considered. Of course, its ironic that I read an article that said the NYC debt clock would need to have additional digits added after it maxed out.

This is going to be a good week in terms of time set aside for trading.