I don't trade it. That doesn't mean I don't watch it. And if I did trade it, I'd use a little longer time-line and not go for $155. My short call has a 12 hour window. 5 points is nothing. Check back and you'll see 100 pt swing from here before the close tomorrow.
Nobody rattled your cage. If I wanna here from a Brit I'll turn on Roger Waters. Now pipe down and drink some tea.
Week 1 Review 12 trades 9 won 75% Profit---$5,884.00 Loss----$2,394.00 Net Profit----$3,490.00 +34.9% ***Summary Made a few mistakes(3 losses). The 1463 loss only occurred because I was unable to bailout of an impromptu meeting at work. Though I recovered well, this will not happen again. A 34 percent gain in spite of a 15% loss far exceeds the target of 25% weekly. Next week, we will trade with the previous weeks profit only. 5 contracts and a 30 point stoploss. Thanks for tuning in guys!!!
Not exactly Overnight. Or maybe it can be stated or seen as you put it. Let me explain myself. 5 contracts at 500 dollar intraday margin would be 2500. Leaving less than a grand to work with. Which isn't enough rope for me. So here is what I'll be doing. The principle(10k) will not be at risk. I will risk 20 to 30 points stoploss per trade(500 to750). The nearly 3500 in profit will permit me atleast 4 trades of maximum loss(3000), excluding trading fees, without dipping into the 10k. That's assuming I allow the loss to reach max. Hopefully I was able to express my intent.