Sorry for confusion. TSLA trade is pretty much done. It will most likely scratch. I am trying to set up earnings plays for ROKU and CRM with long straddle/strangle expiring in March. I already bought the puts and now waiting to buy the calls on a down day.
Started following your journal qlai Few queries: - Is this live or simulated? - Whats the account size? - How much did you make last year?
It’s live. Account size does not matter because this are just R&D trades. I just trade one lot to see what happens. But obviously my account is large enough to take these hits. How much I made or lost is also irrelevant. I am obviously experimenting here and don’t recommend this as a strategy or even a valid way to trade. This journal may actually be a good one to see what NOT to do
BTW, I had orders out today to sell weekly puts on CRM and ROKU. I wanted too much for them (50% of premium I paid for longs), so naturally I didn’t get filled Maybe if we have a down day where volatility actually spikes!?
Everybody has a different way to learn Suffering through a bad trade for learning, is something that I do too. Don't recommend it obviously.
Did you follow this trade from inception?? It started with a bad leg that he turned into a calander and was dead right,then dead wrong and consequently looking break even -ish... Along the way he made some great calls and stuck to his guns. It was more punting than anything else..I would have traded it much differently,but I also would Never have been up as much as Q... Good thread
You guys backed out of the challenge How much better would this thread be if you and @newwurldmn tried to trade out of the “bad leg!?” But probably a waste of time for you guys.
Oh important disclaimer - I assume I may get assign shares, so account size is large enough for that.