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It’s getting a little dicey keeping track of my stock trading. I’ve got 14 trades in play and another 17 pending. I reduced my position size from risking 0.25% of my total stash on each trade to risking 0.20%. This allows me to put more trades in play. If I could use margin, I would have to do this. But since I trade only in my IRA account, Uncle Sam won’t let me use margin.
The government restricts IRA account trading in that I can’t do any short selling or use margin. I can, however, trade options all day long. Go figure.
My current leaders are URBN +11.4%, OSG +10.6%, and CLCT + 8.6%.
Posted by Ted at June 6, 2004 9:51 PM