First Winning Trade!!
$CREE +1 Put Option $44 6 Sep 19 @ .99 and was out @ 1.51! (+$36)
I'm using Put options to basically short stocks. I like the strategy i've created (although sure that others use the same). Practiced good patience and was calm during the trade, maybe a little too confident.
Lessons Learned: Have a stop loss at a technical level to avoid shakeout.
Use VWAP for shorting/entry (doesnt work for penny stocks). Also, I need to work on entry. Lastly, I must be very very meticulous with the stocks on my watchlist! (this is how i had today's play, by being more picky about the stocks fitting my indicators!)