Tuesday, February 06, 2007

Out of SBIB and Results for January...

Sold SBIB after it reached my stop loss and then some early in the trading session. These last two trades, although I still eeked out gains, sure did suffer from major 'slippage' or the price change between my desired stop loss and the price at which I was able to sell given my trading 'windows'. In the end, I remind myself that this about the method, not the money. If and when I am able to trade a more reasonable system, my stop losses would have saved me and I would have been much more profitable. Right now I am just perfecting my system, and making some money...So, sold 12.59589 shares @ $12.010 for a net of:

SBIB: +$2.53 or +0.843%

Also, with the close of this trade, I can report January results. Given all my critiquing this month, I am very happy with my results. I did give up 50% of my monthly gains on the SBIB+HOTT trades, but a month in the green is a month in the green.

January: +$8.63 or +3.51% (4 winners out of 6 trades)

We'll see what February brings...

For now,
Masterjaz out

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