Trade Update: PWE
I covered [[PWE]] 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.
Ha, totally get the reverse noise thing. I still think the market just sits around until earnings. Until then I am sitting on hands.
Shorted SSO at the close yesterday. Covered just now. First profit in what feels like weeks.