Monday, March 31, 2008

Long time no trade

In the interest of honesty I must point out that my last +10 FCX contracts were a complete wash. The next morning the stock opened down about 7% and that was enough to wipe out my position since I had only 1 day left before the option expired. So instead of a 15% gain, I had about a 15% loss. I liked the position, and the learning was worth it.

Since that time, I have seen no entries that I felt strongly about. So I continue to wait.

No comments: