"You try to be greedy when others are fearful, and fearful when others are greedy." Warren Buffett

Trade Update: PWE

9. January 2009• Stocks, • TradingPhantasmix Tags:  2 comments

I covered (PWE: 21.98 -1.04%) yesterday, for a total gain of 0.24%. Would’ve covered for +2.2% but believe it or not, because I posted the trade on the blog I thought “Well, I should execute my plan since it’s public!” That’s like reverse noise. I won’t let the blog control my trades, I won’t let the blog control my trades :)

Decided against holding the short, because:
- it’s very boring
- wouldn’t have made much anyway
- the stock was up on a day when oil was down (very uncharacteristic, worried me)

Boring and profitable would’ve been okay, better than exciting losses, but this was just blah.

 


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2 comments:

  1. TSS, 9. January 2009, 8:44

    Ha, totally get the reverse noise thing. I still think the market just sits around until earnings. Until then I am sitting on hands.

     
  2. Phantasmix, 9. January 2009, 10:44

    Shorted SSO at the close yesterday. Covered just now. First profit in what feels like weeks.

     

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