Knobby22
Mmmmmm 2nd breakfast
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Yea, fair enuff.
Kind of freaked out...
- Thread starter lewstherin
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I also have to write my trading plan out bigger or have it flash up on the screen before I place a trade.
Wrote a quick covering option over a long call that was going wrong and when I went back over the trade that night I had locked in a $600 loss per contract. had to buy it back the next morning and it cost me an extra $222 per contract plus brokerage both ways. Now the rotten thing has to go up to its may high before july to get back to square one.
That one is posted on the wall in red! Just hope it doesn't hit the stop loss on Monday cause then the $600 is real.
Wrote a quick covering option over a long call that was going wrong and when I went back over the trade that night I had locked in a $600 loss per contract. had to buy it back the next morning and it cost me an extra $222 per contract plus brokerage both ways. Now the rotten thing has to go up to its may high before july to get back to square one.
That one is posted on the wall in red! Just hope it doesn't hit the stop loss on Monday cause then the $600 is real.
wayneL
VIVA LA LIBERTAD, CARAJO!
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NettAssets said:
Heheehehe
Everybody has a "You Idiot!" file.
Mine is very thick.
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wayneL said:Heheehehe
Everybody has a "You Idiot!" file.
Mine is very thick.
At the moment mine can't afford to be too thick
I think thats the description of my brain!
Still .... glad I made the decision to admit I was wrong and try and retrieve it, we'll see how it goes
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So is minewayneL said:Heheehehe
Everybody has a "You Idiot!" file.
Mine is very thick.
- but IMO the best way to understand the practical application of options theory! It did help initially to keep the trade size very small while learning from trial and error - Joined
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Yeah
I really started to learn the practical application of volatility.
It does't really sink in until you want to trade long calls in the quick upward market moves and see 50 to 70% IV's
I really started to learn the practical application of volatility.
It does't really sink in until you want to trade long calls in the quick upward market moves and see 50 to 70% IV's
Watch what happens to the market over the next few days. After the downturn last week there were many bargains and SPs rose substantially. If the market has dropped right back down today, this was caused by those bargain hunters selling out for some nice gains. The market should rebound again tomorrow and eventually level out over the next two days IMO, so watch out for some more bargains
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