Tuesday, June 29, 2010

06/29 Daily Summary

Sure am glad the position is a paper trade. I’m getting a taste of managing some action! Today I did the cut and roll by end of day, while this seems to be ok for now, I wonder if it would be better if I did it Tomorrow in the morning. If it wasn’t for the contingent orders the trade would have hit the skids by now.. My plan is to hang in there and see what happens Tomorrow with the trade, if we make a new low I have orders to hedge and if we sky rocket back up I have orders to drop the long AUG put I’ve bought on the way down. I have a feeling Today’s drop was over-done, we’ll see..

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