Thursday, June 10, 2010

Bit by short-term stupidity

Sold VXX in premarket this morning at 30.49, a loss of 0.84. A loss that bites pretty good, but less than 1% of total trading account.

I could've sold before the end of afterhours trading yesterday for a small profit of 22¢, but I kept my price at 31.60 and time expired. Should've taken the little profit and gone back to full cash. Stupido! Futures have been positive since the market closed. Bear trap all the way.

My kaboose got kicked. 

No comments: