Don't understand why the fizz went out
of cege so fast, seemed like really big
news. Anyway, watched the level II for
an hour today, did not see much going
on, so took my little profit in cege--
in fact, traded it for more sibi.
The $500 profit in that quick cege trade
get's divied up this way
$60 for etrade, in and out of cege and into more sibi
$63 to the MM in cege for 1000x1/16 spread at the time
$125 to the MM in sibi for 500x1/4 spread at the time
(would have been worse if I'd put in a market order,
so did not get the other 500 shares).
Then I decided I had a couple grand just lying there
with the half filled sibi order just sitting there,
so I have the rest of my profit to the VMRX MM and
another $20 to etrade.
So what have I learned from this--most of my profit
in that set of quick trades is gone, so I am clearly
an idiot, or maybe I just learn very very slowly.
This is the point at which I like to quote the line
from the movie House of games, about a dog
lapping up his own vomit. But I think I will treat
myself and go skiing for a couple days instead.
The lesson is...
Don't be a whore! Stop trading! |
