Trading results 2/19/10

Robert Weinstein's picture

No good trades today Challenging day no signals all discretionary trades.CLF + 9FSYS - 2456INTU + 15SII + 4FSYS went wrong from the word go and I just closed everything else out to flatten out. FSYS went lower as the day went on and I was glad that I exited before it went down further as the loss could have been much worse. For a stock that has a huge short interest as of the last reporting day and improved guidance along with a fair PE it sure went down hard today. I did think about selling calls and turning it into a swing trade but I didn't feel that was a good idea in light of it not starting out that way. I did go flat with it several times today and it would show some strength and I went long only to have it fall back down again and I stopped out. This happened several times and while that part might have been fine the first entry into the stock went poorly and was the cause of the bulk of the loss.I sold 2 feb 30 calls that also expired today with FSYS. + 8I am taking Monday off at least in the morning as I attend to some other things. This will be my first time in a long time but I think I am due for an opening bell without me.-2420[ad]

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