Entry comments: First red day. Had a morning failed spike.
Exit comments: Had a small bounce back up to 2.5 and then failed. It's a small position but Schwab is not executing quickly this morning. Orders going through but not alerting for ten minutes. Systems squirrelly and I'm not super confident this thing won't squeeze, so out.
Entry comments: Looking for an all day fade and into tomorrow. Would like to sell into a gap down tomorrow morning. Will sell today if goals are met around $2.00 a share.
Exit comments: This actually gapped up. Nice morning fade. I tried to be as patient as possible but there was big support at $2.05 so I just took my small profit and got out. It definitely has way more downside but slow fading doesn't raise the put prices much on these low priced plays. I will be putting my focus back to higher priced, more volatile plays.
Paper trade on E*TRADE. Not at computer for entry and exit. I know I entered same as mark at .45 but I bought the dip prior to his. (Not sure why) think I got out at .53. Still learning options. Just noticed when entering I donât know what the difference is between put long and put short. Still learning. Not good at exiting yet but still in the green.
Paper traded an over night Green Day play. Was playing this with time to see if it would have a morning gap up. Wanted to try an over night. No gap up so got out at open. (Been sitting on my hands since last trade and just watching plays). Really focused on learning options.