Wednesday, February 8, 2012

Trading Today

Hi Folks,

Just a quick update on today's trades. I only did one quick trade this morning. I shorted SPY at 135.20 and bought it back at 134.90. For those who don't know, selling short is just the opposite of buying a stock. When you buy a stock you hope to sell it at a higher price than you paid. When you short a stock, you sell it first and then hope to buy it back(cover the short) at a lower price. As I mentioned in this mornings blog, I will be looking for more of the same. That is to sell short into a rally.

Thanks and Good Trading,


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