We are a community of 150,000 traders and investors looking not just to earn maximum profits, but to help each other learn and better capitalize on all the various stock market opportunities we see every day. Interact and learn with the best traders online who actually show ALL their trades, winners AND losers, to help you take your trading and education to the next level!
traders use Profit.ly. Join them today.
Here is what is currently happening.
Entry comments: First time doing anything with this stock. Closing strong and near MDBO level. Shooting for a gap up o/n. Looking for at least a 50% gain here at open tomorrow morning.
Exit comments: Gapped up really well but started tanking about an hour before open then continued to fall off a cliff after open. I was risking yesterdays close since my option was actually worth slightly less then when I bought it because of the downtrend before open. I cut as fast as I could when it went red on the day. Really thought this one would gap up and have a MDBO. Will revisit this stock if it can find some solid strength.
Entry comments: Hedging my put option with this cheap call. First time trying this out so we will see how it works. I still think it fades off o/n.
Exit comments: Solid hedge trade here. Good gap up. I should have grabbed a few more contracts to properly hedge my put option. 125% gain here but only $15 with one contract. This was a good experiment with a strangle trade.
Let this one drop longer than I should have, but it had another PR after I bought it and then another news story about it being a morning mover, so I let it ride and then had a good exit. It did go on to run further after the opening bell towards the next resistance, but this was the kind of single I need to be taking for long-term success. Good start to the day.