Call Me Crazy ( GOOG Related)

Quote from mde2004:

25% gain is nothing compared to the spread and risk of total capital loss which happens quite often with otm options. Good luck losing all your capital with those risky bets and small rewards.
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You have to give the man credit. He followed his PLAN! That is more than what 90% of trader's do! Maybe you can give us all a lesson on trading, or better yet, why don't you show us your account statements if you are such an expert.
I give anyone credit who can successfully stick to their trading plan. Most trader's would have either A. taken profits earlier, B. Let greed take over and try to go for a home run and end up losing on the trade. My congrats to the trader of the GOOG options.
 
Quote from traderdave72:

You have to give the man credit. He followed his PLAN! That is more than what 90% of trader's do! Maybe you can give us all a lesson on trading, or better yet, why don't you show us your account statements if you are such an expert.
I give anyone credit who can successfully stick to their trading plan. Most trader's would have either A. taken profits earlier, B. Let greed take over and try to go for a home run and end up losing on the trade. My congrats to the trader of the GOOG options.
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Thanks!!. I don't trade often and only after watching a stock and its price for awhile and I have been watching GOOG ever since they released earnings and I just didn't like what I saw in the price so I decided to buy those puts. And I was right that it was prime to fall and I did follow my plan. :)

Maybe some here don't realize that the Puts I bought were 20 points OUT of the money. (450's) . So I was looking for a quick 25% if I was correct on the direction of GOOG going down. I like playing that way. Take something out of the money and look for a quick profit and get the hell out :D so you don't lose everything if the stock turns around. If I would have held those puts till today sure they are now worth like $6.00 but again, I stuck to my plan which you noticed and I thank you again for your congratulations!
 
Quote from Handsome:

I stuck to my plan which you noticed and I thank you again for your congratulations!
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Your "plan" had no exit strategy if GOOG moved against you. 25% on OTM options will not make up for 100% loss.
 
Quote from forex-forex:

Your "plan" had no exit strategy if GOOG moved against you. 25% on OTM options will not make up for 100% loss.
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You don't know if I had a exit plan or not. But with that said, if GOOG would have gone up Monday instead of down which is what I expected, then I would have sold them at a small loss. Another reasons why I bought those specific puts at $460.00. So if I was wrong, any loss would have been small. But I was right!

Yee Haw!!!!!!!!!!!!!!!!!!!!!
 
Quote from Handsome:

You don't know if I had a exit plan or not. But with that said, if GOOG would have gone up Monday instead of down which is what I expected, then I would have sold them at a small loss. Another reasons why I bought those specific puts at $460.00. So if I was wrong, any loss would have been small. But I was right!

Yee Haw!!!!!!!!!!!!!!!!!!!!!
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Your loss would have been greater than the 25% profit you squeeked out of this trade. Without an exit plan your loses will be 100% and that is a lot of trades you have to make at 25% to get that back, the odds ARE against you.

GOOG luck in the future with your trades.
 
Quote from forex-forex:

Your loss would have been greater than the 25% profit you squeeked out of this trade. Without an exit plan your loses will be 100% and that is a lot of trades you have to make at 25% to get that back, the odds ARE against you.

GOOG luck in the future with your trades.
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GOOG luck to you too! :D
 
Quote from Handsome:

Maybe I should change my name from Handsome to " GOOG Slayer" :D
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I think GOOG dick warmer would be better. GOOG will have you on your hands and knees very quickly, get the Vaseline ready.
 
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