Like I said a couple days ago – I won’t ever be too upset if a trade doesn’t work out but had plenty of time to. XLE had 43 days to work. I only wish I could have closed it closer to where I wanted to mechanically close it.
Duration: 43 days
Buying power reduction: $75
Profit after fees: -$35.58
Profit as a percentage of buying power reduction: -47%
I only have 2 more 16 day positions left and only 1 more $1 wide position. XLE cost me $8 more than it should have if I would’ve caught it earlier yesterday.