So, I'm out of FAS at $8.55.
FAS opened at $8.55 this morning. When it got to $8.63, I set a trailing stop at 35 cents. It bounced to $8.90. Then Obama spoke and FAS fell back to $8.55 and my stop was triggered. It's at $8.43 as I type, so I did something right.
So, all in all, I took a 45% loss on this FAS trade. Ouch.
I decided I wouldn't add any more funds to the account. I'm $1,826 now (ie, my original $2,000 is down to around $1,100 and I'm not in terrible shape since I threw in $600 and made two good trades.
But today, I learned a little bit more about stock screening, so I guess I'll give that a run on Monday... (Thanks, Superhero)
Happy learning / trading and whatnot.
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