ALoha mate i looked at the options and it does sound good,
but the thing that worries me is about how much it would cost to pay for each option.
And then if i made money on my trade, which almost every trade does, id feel gutted and foolish for having wasted the money holding an option then, especially if it cost alot.
And normally the size of £8 t £9 per tick is ok, £11 t £12 i can just about handle from 10k capital...
Its just after getting in those big sell trades from the mid 47s with targets at low 40s, taking losses on wednesday morning at high 48s,
i missed so soooo many thousand quid!!! :'(
And instead ended the week down over £1,500 from teh profit id started the week with (so just under break even for the week).
That doesnt ound bad breaking even, but last week would have really really seriously set me up properly..., and so i was so much counting on being in the sell for when the gas problem was sorted and it crased back to low 40s.
And then yesterday i dont know what caused yesterday to have the lack of movement it did,
but it relaly cost me hard taking that loss today,
and then esecially when i AGAIN foundout that id just held for an hour more id have made over £1,000 as profit ontop of the capital,
instead of having more chunks of capital taken out for no reason. :'(
I took the loss becuase teh market just kept sliding slowly n so i was scared we would have another repeat of yesterdays nonense + on wednesday everyone is sying theres gna be huge build cos the contango,
and so i didnt wnat to lose all my money by holding long and it crashing to under $30 tomorrow,
and then endup missing the chance to buy it from so cheap. :/
Im now gna scale down to £6 per tick, but so sooo much hope that this market crashes down below 30 tomorrow.