Friday, October 26, 2007

Sold Half My IBKR

In after hours following the earnings release. I've long wanted to reduce my position for a decent price. I may buy back later if the price falls. The results look good. Otherwise, I managed to screw up what started as a good trading day with an ill-judged intraday futures long position that I didn't close fast enough. I missed the chance to get out with a 3 point gain and then things deteriorated rapidly. I'm not much good at these day trades without a model based plan and shouldn't try to do them. In the end I got out without severe damage but it's making it harder for me to come up with a positive month's trading for a change. I've made a bad trade in GOOG and now stupid ones like this and an AMZN trade which isn't working out. Now I see that after hours the futures went back to my entry price! The upside is I'm no longer afraid of the market. Even if I'm not trading very well at all.

1 comment:

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