Wednesday, January 11, 2012

First Trade of New Account (Backing up to get a running start)

Things that are good luck:

  1. Raining on your wedding day
  2. Every good roll in craps starts with a craps
  3. Start new account with a fat finger trade loss
Ok, so I made up the 3rd one, but I hope it's true.  

I bought a put spread in QID (inverse of QQQ) as my first trade in this account and as I checked the QQQ it was grinding down a little but I noticed my spread was losing money. After looking at the trade multiple times I realized, I SOLD the put spread for a credit, didn't BUY them as a debit spread. 

Closed it out and was relieved my first (fat finger) loss in my account was very very minimal. -$30

No comments:

Post a Comment