Summary Week 2
What a weak week it was. Things did not feel right to me. I am heavily weighted in the financials in my primary investment account and I have a sense that it might have an impact on my feelings regarding my trading funds. When things are moving up, it is all easy. When things are headed south, I can’t help but hear this little voice in my head saying “you are overweight”.
Just as I did last week, I ended the week with an open position. However, it is a small position and one that I feel comfortable with. Short of 250 shares of PTEC.
To start the week, I closed out my position in Citibank. I sold 1,000 shares of C at $2.52 and then the remaining 1,000 shares at $2.72. Bad all around for a loss of more than $454.
I was rather sour regarding the markets during the week. I had a single trade that yielded a small $94 profit in about 45 minutes. That would have been the stock to be stuck in as AIB was up 42% on Friday.
I feel like I cleansed my pallette by getting out of C Monday and Tuesday. Overall, it was a great week for most portfolios, but a quiet (down) one for my trading funds.
Looking forward to some interesting adventures to come. Think Scott will wade in sometime soon?
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