Contrarian/ Buying the lows

artak said:
Very interesting, thank you for sharing your trades. BTW what is your overall P/L so far? Can you make weekly updates of P/L?
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Thanks for asking. I will try to provide a weekly summary update. As the last period is concerned (since May 20), after a rough start where I lost more than 10% of my account, I recovered all my losses and now I am up a few percentage points. Needless to say, I am constantly learning and you guys on ET are a great source of inspiration for me!
 
arturo100 said:
Bought today SNAP dip (-3.2%) @13.5 by getting 5 CALL 13.5 June 21 @ 0.35. Very risk trade, but I'll get out soon if things so south.
Even bought the stock @13.54 for longer time action.
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Wow. I got lucky on this. Sold the 5 Calls @1.05 on news, totalling an overnight +200%. Great trade, but still a bit too risky.
 
arturo100 said:
Bought the AVGO dip (-8%) @ 260 by grabbing 2 Call 280, June 21 @ 0.6.
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Sold the calls @ 0.5: -20%. This time time the conservative play worked against me. A few minutes later they were at 5. This means that I could have made 10 times as much!
 
Started very risky contrarian play using Jun 21 expiration on SWKS (2 Put 76 @.95) and BABA (Put 165 @1.7). Besides keeping the CTRP calls, I am still very exposed on further upside moves.
 
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ironchef said:
Glad to see you are doing well. Just make sure you are not fooled by randomness.
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Thank you, but that applies more to option sellers than option buyers like me. Actually, my problem, besides wrong market reading, would be volatility, I mean, I dont'like DT at all, but he is doing a great job for us!
 
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