Oops, I thought I cancelled that order!

Trade maintenance is important and I got sloppy. Last night after catching up on the day's market activity, and realizing that the $3-5 Trillion dollar fund to support European sovereign debt issuers and holders, might be a game changer, I thought I had cancelled my order to sell my single lot of the FAS in the mid 12's. Well as it turned out, I didnt cancel the order and it was filled near the high of the day. Booking a profit is nice, but the order should have been canceled.

Looking at recent days of trading activity, the FAS actually looks like it is setting up for a sell here, and the FAZ is looking like it is setting up for a buy here, based on the swing trading tactics of Oliver Velez. Having said that, I am still concerned that this European fund could be a game changer. I will continue to watch both the FAS and the FAZ, but will be more willing to buy the FAS for a longer term hold, as opposed to buying the FAZ for a shorter term swing.

I have placed a FAS entry order for 1 lot at 10.35 and 1 lot at 9.35. I have no open orders for the FAZ.

Disclosure: No positions in the securities mentioned.

***remember this is an illustration of what i am trading and my thinking...it is not a recommendation for you or anyone else to buy or sell this or any other security...trade at your own risk...my positions my change at any time without notice***