February 28, 2009

Weekly Trading Update - Feburary 27, 2009

I was planning to catch a bounce from the oversold position of S&P 500 in the beginning of the week, as most of the indicators show over-sold condition. as being said, I bought in HSU at $4.99 for 1000 shares, and sold it for $5.22 on Thursday as the selling pressure is too overwhelming.

I changed my view on Friday and bought in HFD at $42.44 for 200 shares, as there was breakdown for the consolidation area.

Here is the transactions for this week,

S&P 500 Bull Plus ETF, HSU
Feb 24, Buy, 1000 shares @ $4.99 + $9.95 commission
Total Cost: $4,999.95

Feb 26, sell, 1000 shares @ $5.22 - $9.95 commission
Total Cost: $5,210.05
Realized Loss: $5,210.05 - $4,999.95 = $210.10 (4.20%)

S&P/TSX Capped Financials Bear Plus ETF, HFD
Feb 27, Buy, 200 shares @ $42.44 + $9.95 commission
Total Cost: $8,497.95

Trading Gain/Loss from this week: $210.10

Year-to-date Trading Profit: $3150.05