Contrarian/ Buying the lows

Discussion in 'Journals' started by arturo100, Jun 3, 2019.

  1. Thanks for asking. I will try to provide a weekly summary update. As the last period is concerned (since May 20), after a rough start where I lost more than 10% of my account, I recovered all my losses and now I am up a few percentage points. Needless to say, I am constantly learning and you guys on ET are a great source of inspiration for me!
     
    #51     Jun 18, 2019
    artak likes this.
  2. Wow. I got lucky on this. Sold the 5 Calls @1.05 on news, totalling an overnight +200%. Great trade, but still a bit too risky.
     
    #52     Jun 18, 2019
  3. Sold the calls @ 0.5: -20%. This time time the conservative play worked against me. A few minutes later they were at 5. This means that I could have made 10 times as much!
     
    #53     Jun 18, 2019
  4. Sold the 3 calls @0.95. This contrarian trade yielded about +28%.
     
    #54     Jun 18, 2019
  5. Started very risky contrarian play using Jun 21 expiration on SWKS (2 Put 76 @.95) and BABA (Put 165 @1.7). Besides keeping the CTRP calls, I am still very exposed on further upside moves.
     
    Last edited: Jun 18, 2019
    #55     Jun 18, 2019
  6. ironchef

    ironchef

    Glad to see you are doing well. Just make sure you are not fooled by randomness.
     
    #56     Jun 18, 2019
  7. Thank you, but that applies more to option sellers than option buyers like me. Actually, my problem, besides wrong market reading, would be volatility, I mean, I dont'like DT at all, but he is doing a great job for us!
     
    #57     Jun 19, 2019
  8. This time things didn't workout. Sold the CTRP Call 37 @0.25: -80% :(
     
    #58     Jun 19, 2019
  9. Bought 5 PUT 65 AAXN @0.3 Jun 21
     
    #59     Jun 19, 2019
  10. Bought 2 call 19.5 June 28 LK @1.15
     
    #60     Jun 19, 2019