Thursday, March 20, 2008

What have I done... -$1370

Beans and bean oil were limt down, but bean meals were not, so I shorted. Stopped out. Re-shorted, and I stopped out. Reshorted again, moved higher, I added and not to mention I stopped out.

Now looking back, I look like I was on a drug or something.

Short 1 SM at 302.8. Result: -3.2 or -$320
Short 1 SM at 306. Result: -1.0 or -$100
Short 1 SM at 306.1. Result: -4.4 or -$440
Short 2 SM at 308.5. Result: -5.2 oor -$520

I have no execuse on what I did this morning. I moved my stop. I added on a losing trade. Probably the largest single day loss for a while.

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