i closed it out at $60 like i said, Made $6,500 which i know is peanuts for a lot of you but not bad for me.
what's more is I implemented some trading principles that I was unable to do in past so maturing/improving feels better than the money.
Initially was holding puts because...well there is no reason for GME to be worth this much...but once i saw that i was on the wrong side of the trade i instantly swapped to calls and made back all i had lost on puts and then some. Also setting a price target stop and sticking to it instead of dreaming about $100 EOD while all my profits disappear and eventually turn red is another mistake i would have done in the past.
GME could shoot up to $80 at this point and I would still be satisfied with my actions.
what's more is I implemented some trading principles that I was unable to do in past so maturing/improving feels better than the money.
Initially was holding puts because...well there is no reason for GME to be worth this much...but once i saw that i was on the wrong side of the trade i instantly swapped to calls and made back all i had lost on puts and then some. Also setting a price target stop and sticking to it instead of dreaming about $100 EOD while all my profits disappear and eventually turn red is another mistake i would have done in the past.
GME could shoot up to $80 at this point and I would still be satisfied with my actions.
Last edited:
