Tuesday, June 30, 2009
Monday, June 22, 2009
June Credit Spreads
June turned into a losing month as the market retreated and I made some beginner mistakes trying to fully get out of my credit spread positions to take losses.
I made 3 Credit Spread trades in June and only one was profitable. Unfortunately the two losses were big as I am still learning proper exit strategies. This is why I am using a virtual account first before I start using my real money. =)
Fed Ex (FDX) Bull Put Spread -29% -$450
First Solar (FSLR) Bull Put Spread -38% -$845
Best Buy (BBY) Bull Put Spread +13% + 200
Overall for June -21% -$1095
I made 3 Credit Spread trades in June and only one was profitable. Unfortunately the two losses were big as I am still learning proper exit strategies. This is why I am using a virtual account first before I start using my real money. =)
Fed Ex (FDX) Bull Put Spread -29% -$450
First Solar (FSLR) Bull Put Spread -38% -$845
Best Buy (BBY) Bull Put Spread +13% + 200
Overall for June -21% -$1095
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