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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

Ouch

RaginCajun Tue Mar 11, 2008 7:27am EST 1 Comment

Today hurt, I knew we were due for a rally, but was not expecting this. I held on to my inverse ETFs a day too long.

I got rid of [[SKF]], been long since the low 100’s, but would have loved to book the profits yesterday. [[FXP]] I closed out for a loss.

[[SMN]] & [[DUG]] still holding and my even add to them.

There are a lot of cheap stocks out there I’m tempted to buy, but will patiently wait for the right setups.

Note to Fly: [[MVIS]] is almost sub $2, is it time to buy again?

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One comment

  1. Small Titi
    Small Titi
    March 11, 2008 at 8:38 am

    I did the opposite of your trade. I sold SMN at 42 at the opening, and bought FXP at 92.80. I may buy SMN on the dips, but i’m interested to know your thinking behind selling FXP?

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