Wednesday, June 29, 2011

Sold SSO at 51.82

5.4% loss. I bought SSO several weeks ago, when the S&P 500 was approximately at 1343. This was truly a terrible, amateur trade on several fronts. It also made me glad I don't trade options.

I have sold at around 1307 on SPX. The high today of 1309 is close enough to 1312, which I believe may act as resistance. This post explains why.

No comments:

Post a Comment