I made a couple big mistakes here... First, I traded into midday, cuz I overslept, second, I didn't buy ON the trend reversal but at the top of the channel. Then, my first order only executed 2 contracts out of 30, so I placed another order, which basically ate my second day trade. horrible way to enter a trade, Didn't take profits when I did manage to scalp 15%. This is a smaller loss than I could've taken but, not green.
Apple is having a big media day. Was looking to catch a breakout @$207 in one move, but it got rejected and I got out of the option for a small gain. I guess, I could've held it longer, since a breakout here is probable, but I'm really just experimenting with how well I can read price action to trade these options, not even using the greeks. Either way, AAPL is having a big day, so maybe I'll swing something overnight. Will see how the day plays out.
The market has been dead lately for pennystocks, So I took the opportunity to study options a bit more, as it seems there's always volatility on QQQ. Was watching QQQ for midday break out, watching the option in the money, bought into the breakout, really ended up scalping it, but executed my exit perfectly. I definitely see potential in options for me.