Fridays are usually terrible for me. My setup was good to trade today so I only shorted 300 shares of VC for 7.94 at the close yesterday.
Covered today at 7.8399 for a 1.26% gain.
Here's how I look so far on the month:
Gross Revenue: $416.75
Interest Income: $-
Less Commissions: $(105.00)
Less Fees : $(2.87)
Less Interest Exp.:
Total Profit/(loss): $308.88
With this stock, when the price dips hard and quick in the opening hour of trading that seems to be the best time to get out, see it go back up 5-10 cents and re-enter a short to get those 5-10 cents. Next week i will try to test this out, a second way to make money on the trade.
I'm playing a poker tournament tonight, wish me luck.
Have a good weekend,
Accountant
