Remember my previous post about crude oil?
My dad texted me in church today and told me that instead of closing my mini crude oil contract at $70.66, I had mistakenly shorted the FULL crude oil contract at that price instead. The outcome could have been disastrous. Instead, oil traded down to $67.47, leaving me with a small loss of $1,557.50 in the mini contract but a large, unintended profit of $3,150 in the full contract.
I’ll sure as hell going be extra careful not to make such mistakes in the future, but thank goodness this one proved to be a good one. 🙂