Two bad trades generated a little over $200 profit for me in this week. The first one is that I sold my position too early, and the other one is that I put wrong stop sell price on the stock which resulted in the loss that I had to take. A couple of things, however, have been learned from these two trades, 1) don't let the emotion and news judge the transactions but the indicators and charts. 2) Stop loss price needs to be set based on the trading situation as leveraged ETF's does not sometimes trace the index perfectly.
Positions From last week,
Davis & Henderson Income Fund, DHF.UN: 200 shares: total cost of $6739.90
Transactions this week,
S&P 500 Bear Plus ETF, HSD
Feb 18, sell, 200 shares @ $36.80 - $9.95 commission
Total Cost: $7,350.05
Realized Loss: $7350.05 - $6739.90 = $610.15 (9.05%)
Feb 20, Buy, 300 shares @ $39.19 + $9.95 commission
Total Cost: $11,766.95
Feb 11, sell, 150 shares @ $37.90 - $9.95 commission
Total Cost: $11,360.05
Realized Loss: $11,360.05 - $11,766.95 = -$406.90 (-3.46%)
Trading Gain/Loss from this week: $203.25
Year-to-date Trading Profit: $2939.95