Wednesday, June 16, 2010

Thursday, June 16th

So as of right now it looks as if my short USD/CHF is going fairly well. When I first started the trade the price was set at 1.13328. Currently, its shown at 1.13080. I checked the trade at several points throughout the day, and at one point my account showed a profit of almost $500 (I sold one standard lot). However, I decided to keep the trade open for a bit longer, and my unrealized P&L has gone down a bit since then. I think I'm going to keep the trade going for one more night, and hopefully I won't lose everything I've gained so far.

Eventually I will start opening more than one position at the time, but for now I'm still obsessed enough that I don't think I can handle following multiple trades. I might also start trading more than the standard $100,000, but I'm still terrified of losing all my money so I don't want to risk too much.


This morning, Alyssa and I finished up cataloguing another stocks and bonds binder. After that, we spent the remainder of the day organizing boxes in the storage room off the auditorium. Overall that room is pretty messy, so our goal was to try and figure out what was stored in each box. So far we have gone through 68 boxes (most of which contain Listing Statements for the New York Stock Exchange). There are probably about 20 more left, so we should finish tomorrow. I now understand why the application for the internship said we should be able to lift at least 40 pounds! I'm also going to make sure to wear clothes I can get dirty tomorrow, since a lot of those boxes are really dusty as well as moldy due to water damage.


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