Saturday, August 15, 2009

Confessions of a Pattern Day-Trader

(c)2009 F. Bruce Abel
So yesterday dawns. The grandkids are to bewith us for the day. My "Oh

Sxxx" moment of yesterday was alleviated when I checked my account's value at the close Thursday. It was up huge (for me)! The puts were moving. Would it be possible that this hideous purchase could come out ahead?

Yes! I got out before we left for the Lyceum Pool, with another $600 added on to my paper profit -- so all became a realized profit.

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