lol, so far it's one of the best calls of a top I've ever seen! But you did say 5 to 7 days I believe, so I'll let this ride as long as you do.... - The New Guy
be careful with options expiry... they (UKQJF) could or might expire near worthless.... maybe consider rolling into back month... a/s/a/p in 20/20 hindsight a better trade looks to have been +Nov30c/-Oct30c p.s. i will add that with 8 days left until expiry these calls could still trade above 2.50 IF stock moves to the 32.50 level which is not out of the Q as u know. I don't follow this one so don't know how much arbitraging/pinning occurs with it's options such that unwinding could swing it back toward the aforesaid upper level. TRID "looks" to be a "victim" of expiry pressure.
$4,800 is a big amount for small traders. One important thing about trading is that the trader must separate his emotion from the rules. Tomorrow is another day!
Well...I have a decent sized account and it still seems like a lot to me. And it is about 1/2 of your $10K... But tomorrow IS another day. Good luck! C
This PEET trade came to almost 100% of the entire account. 40 contracts X $2.20. This is actually gambling not investing. Of course PEET could still make a comeback in the next 1 1/2 weeks, but its still gambling.
No! $4,800 is not about half of the account. The account was at 20K courtesy AVID, DIA, and CHS trades, but is now down to about 15K. Did you check the file uploaded in one of my posts?
My point was, that if you had started with the PEET trade you would have lost 50% in 1 day. Then the other trades might have been tough to do? What if you had two "PEETS" in a row? JMHO from being a "small" trader, but risking about $9K on a trade, with a "starting" account of $10K (or heck, even $20K) WILL result in plenty of blowouts. I don't care how good of a stock picker you are. Hey, that's just my opinion. I am very often wrong. Good luck and good trading to you! C