Strat 8: SHOP Put 287.5
Updated
(1) I opened this position early in the morning anticipating for a drop to the prev low.
(2) Choppy morning price action led to the break down, very good Thursday downward momentum.
(3) Reflection: Last week I have been way too hasty and always took my position off second day morning or two hour after the market open because it didn't move as I wanted and I got scared. Learning the way of trading the trend with options.
Mentally I was a bit discouraged, especially with school works and organizations commitments giving me extra work loads, so I haven't really updated on my trades.
(4) Picking myself back up, time to get back on track with posting my progress, glad I learned quite a bit more about option trading and general trading psychology.
(5) SL: 287.5, Looking to take profit at $277, 200MA
(2) Choppy morning price action led to the break down, very good Thursday downward momentum.
(3) Reflection: Last week I have been way too hasty and always took my position off second day morning or two hour after the market open because it didn't move as I wanted and I got scared. Learning the way of trading the trend with options.
Mentally I was a bit discouraged, especially with school works and organizations commitments giving me extra work loads, so I haven't really updated on my trades.
(4) Picking myself back up, time to get back on track with posting my progress, glad I learned quite a bit more about option trading and general trading psychology.
(5) SL: 287.5, Looking to take profit at $277, 200MA
Note
Also, did I skip on my strat 6...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.