"Position Size" is crucial and overlooked by 99% of people out there including myself.
Didn't do it terribly but far from perfect. Holding 1700 shares with average 15.57. At the peak I was down a little over $600. Nothing huge but still made me a little uncomfirtable. It's never a good idea play size on front size!!!! Gave it chance but didn't workout. Good exit.
XLE has been weak and continued making new lows so I shorted 2k shares and expected it going a little further. Didn't so I covered. Then I reshorted it again but saw bids absorbing massive(volume!) so covered all. breakeven trade.
No comments:
Post a Comment