Tuesday, May 13, 2008

Got stopped out

On the Dig Short.
Hey I put my money where mouth is. I don't have time to watch the market every minute (I have other work) but I set a buy to cover stop at 115.21... and it was taken out. Entry was at 114.89. Very very small loss. This was still a good trade... it just doesn't always work out... even if you put the odds in your favor that is just the game... cut the losses... look for new opps...

I still hold some DUG btw... stop a bit under 29. My positions here with something like this are always small enough that the maximum possiblelosses won't eat substantial capital...

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