Friday, January 30, 2009

Closing out my short on MET

Yes I know I had bad risk management. The key to making money and keeping it is to know when to hold them and know when to fold them. I should have stopped out on my short trade way before ever getting to -10%, but I just knew in my heart it was set for a fall. The good news is that I didn't double down. Now I know what you are saying "Luigi if you would have doubled down @$33, you would have made a killing". In this case, yes, but that would have been even worse risk management.

Here is how it shook out....



Not a bad 4%

1 comment:

  1. I don't understand a thing you say, but the fact that you have a blog.. I respect that.

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