AI
Friday, January 13, 2012 5:00:18 PM
How'd your FSLR trade end up? For fear of not knowing how optionsXpress would treat my spread position if I didn't close it manually before the end of the day, I got out of my 43/42 put spread at .98 from .47. So, I essentially had a 100% gain to recover all but $30 of my earlier losses in the week. 
Had I held on to my SLV spread from .25, it would have ended around .18, and I exited at .19, so per your suggestion, taking the loss before it got any worse was the right thing to do, even without that extra FSLR trade.
I just wish I had the ability to sit at home and trade, but alas, one would need sufficient capital to do so, as well as savings with which to pay student loans while attempting to make a killing in said trading. Oh well, maybe some day ....
Had I held on to my SLV spread from .25, it would have ended around .18, and I exited at .19, so per your suggestion, taking the loss before it got any worse was the right thing to do, even without that extra FSLR trade.
I just wish I had the ability to sit at home and trade, but alas, one would need sufficient capital to do so, as well as savings with which to pay student loans while attempting to make a killing in said trading. Oh well, maybe some day ....
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