Not a good day. Dow Jones up 200 points one day and down 200 points next day. There is too much uncertainty and I think Stock Market went a little ahead of itself. I made some money using SRS today. However, I really do not have a good sense for market direction at the moment. Next week's price action will be big. I am also considering to change the strategy next week.
3% Return Strategy:
- Buy a stock at weakness or strength
- Sell after 3% price increase, or 6% price drop
30 October 2009 Transactions:
- BOUGHT 300 SHARES OF SRS AT $10.20
- SOLD 300 SHARES OF SRS AT $10.50
- Commission $14
30 October 2009 Positions:
80 SHARES OF TJX
Account Balance:
Starting Account: $10,000
Current Account Value: $10,189
Net Gain: $189
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