As mentioned in the comments section yesterday, I unloaded a number of shorts and entered a few longs:
I covered 100 shares of FSLR (short at $187.33) at $164.67 for a $2266 (+12.1%).
I covered 200 shares of MON at $102.43 (short at $114.27) for a $2454 (+10.7%).
I covered 75 shares of GS at 188.06 (short at $202.55) for a $1086 gain (+7.7%).
I covered 400 shares of DNR at $27.01 (short at $26.01) for a $404 loss (-3.8%).
I exited 300 shares of PAAS at $34.62 (entry at $35.86) for a $372 loss (-3.6%).
I bought 300 shares of ANR at $34.05 (currently at $35.44).
I bought 400 shares of HOV at $9.32 (currently at 8.73).
I am still holding DUG (ETF short oil and gas), ANR (long), PRXL (long) and AGU (short).
February performance on completed trades:
win rate: 60%
average gain: $1935
average loss: $388
total gains: $5806
total losses: $-776
Total Profit: $5030.
Not a bad haul for 7 days of work. Now lets hope I don’t lose it all in the coming week.
While I am not happy about the win rate, at least maximizing gains and minimizing losses. Over the weekend, I plan to analyze a few of the trades I made. This type of trade review will become a regular feature of the site. First up will be FSLR. Take a look at the chart and see if you can get behind my strategy
BTW, for those new to the site, all entries can be viewed by going to the trade label or just scrolling down and viewing my Febuary posts.