"A man is not finished when he is defeated. He is finished when he quits."

Monday, June 1, 2009

June 1st


Friday's open postions went from bad to worse... I simply closed them out when I got back to the office. The experiment to see what my broker would do to sell positions from my
account when exceeding margin and by how much wasn't even successful as IB did not liquidate any more shares after the two small forced sales on Friday. I did get an email from them however, but nothing more. So, it was a bust all around as a learning tool. So, I'm starting the month off on a losing note but it is all for education. Needless to say, I would not have let this happen with real money. I had a chance to make a few small trades after clearing my account of the open SKF and GS. All three for winners with a gain of $323 on them. Those aren't going to show up very well against the -$13,534 loss... Ha!
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3 for 5 winners; a 60% success rate. Down -$13,211 in 30 mins of trading (closed open positions)