Looking to catalogue my trades and improve my strategies. Please feel free to smack me upside the head should I make an egregious error. My high level goal is to effectively trade options in a one to three day time period looking for quick wins of 20% but also watching for the opportunity to take part in larger moves. Again all comments are welcome, there is a lot of knowledge in this community and any help is greatly appreciated.
I am also just started my options journey, Today was my first trade -I bought 20$ april puts on BKS @ 0.05
Well this is a little a late... but here are my plays for today. Nothing worked out unfortunately. I hope to get my plays for tomorrow up tonight yet. The reoccurring theme of the last several days has been ...pennies are costing me dollars... Any thoughts on this? I am trying to play the bounce off of trend lines, how far should I put my entry from the TL? Is there a way to do this based off of price action? See the attached files
seems you are more into daytrading rather than swing trading. I find for me, holding a few days gives a much higher return (although you have to factor in the stress dealing with seeing your P/L go into the red). With mean reversion for strong stocks and uptrending markets, I usually do better with that.