Thursday, May 05, 2005

GM

Wow, There was a volatility spike due to GM and I survived! I finally made money on my short and then the market kept tanking due to GM's downgrade. Well I thought it had stopped, twice, and I went long, only to have the market continue to tank. Finally I found the bottom and rode it back up enough to get back to breakeven for the day... and I do mean break even. After I closed out my profitable long I hit the equity update button and it said "0". Amazing!

I had no business trying to trade that but I got lucky!

Trader X

PS

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