Morning dip buy - bounce off the 21-day EMA. Contracts were considerably more expensive than I typically buy, but the volume and Greeks were stronger here than in other contracts. Nice bounce, quick exit.
Greed greed greed. GREED. After a great trade yesterday, I got back in later in the day and failed to cut the loss. In violation of my rules, I held the contracts into their expiration date -- ridiculous. LESSON: Walk away after a solid win -- as Tim says, "Protect, protect, protect!"
Second trade - higher strike price on continued strength
Bought on a when price hit the entry after a dip and bounce. Expired worthless. Death candle dropped the price to .01 and never recovered. Also bought the wrong expiration date. Held too long.
Beautiful patience leading to solid trade. Sat through one-minute spike at the open, long slide down, choppy consolidation, and higher low. Scaled out from 1.75 to 2.15. Ticker likely runs more, but I am working hard on locking in profits and walking away. Will watch again tomorrow.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
