Friday, January 26, 2007

It looks like I'm tottally screwed


The market the last 2 days has wrecked havoc on my account. It doesn't even look like were going down today. We'll probably rally straight up, and then do the opposite the next day. My short on ER2 is 2pts further in the hole, I wanted to wait tell market open for this position to work out, but I'm getting the worst beat down ever and starting to stress out from having too large of size. I had 2 chances for an exit with a small loss, but instead I decided to give it time to work out. I was long at the close, but then I got stopped out 1pt away from the low, now I'm short and feeling pain. I should just close this position out and be done. How much more do you want to lose?

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