Daily Status 2007-11-27
Account Value $1,048.79
Money $517.79
Securities $531.00
As of 2007-11-27 03:00:08 PM PST
KBH finally went my way. I got scared and sold off the first half too earlier. (yeah yeah, *cluck* *cluck*) Even at $1000, losing money is not fun. But, I should have stuck with my initial trade and exit strategies. I got too emotional. This is good training to build my risk tolerance. 
This half I waited for it to go back. I lowered my trigger amount and sold at $2.50 instead of my original $3.00. So far it’s at $2.85 (so it would have hit my first target but not my second). May have lost a bit of value due to time decay, too. Regardless, I’m OK with it — I made out positive on those trades.
On another note, I found that Tradeking does not update or print out some of the account pages properly. It’s a bit annoying really. For example, I sold to close on KBH today, but the gain/loss unrealize page still has it listed — with the options current price — not the price I sold at.
To reduce confusion, instead of the “summary” and “gain/loss unrealized” pages, I’m going to post the “holdings” and “order status” pages. Those should give a better idea of what happens with the portfolio. The only issue is the holdings page prints out to the nearest $1. This would be ok if and when the portfolio grows (much larger) in value. At this point though, it’s not perfectly accurate — but will work better than the gain/loss page. Enjoy!
Oh yeah, yesterday I watched a few videos of Steve Smith (of TheStreet.com) and he seems to know quite a bit. Gonna follow-up with his many other interviews and article. Worth checking out.
