Hmm, ok. What is typical duration of a trade then?
Journal: Small account challenge - $2k to $50k Daytrading options
- Thread starter Options100
- Start date
Day 1 - Small loss
Small lose of around $30. Today would have actually been a good day if not for a horrendous trade on ADT. Had FOMO from missing KODK and put on way too much size for such a risky trade. Also not too pleased with my trade on CLX. Although the loss is within an acceptable range, I never should have taken the trade.
Honestly just happy to survive the day without a big loss. The CODX rally literally saved me
Stocks traded:
NIO
GES
REZI
CODX
GNUS(b trade, small position size)
ADT
CLX(b trade, small position size)
Note: AROC is a leftover worthless contract - it was not traded today.
Small lose of around $30. Today would have actually been a good day if not for a horrendous trade on ADT. Had FOMO from missing KODK and put on way too much size for such a risky trade. Also not too pleased with my trade on CLX. Although the loss is within an acceptable range, I never should have taken the trade.
Honestly just happy to survive the day without a big loss. The CODX rally literally saved me
Stocks traded:
NIO
GES
REZI
CODX
GNUS(b trade, small position size)
ADT
CLX(b trade, small position size)
Note: AROC is a leftover worthless contract - it was not traded today.
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Typically, anywhere from 15 to 90 minutes. Sometimes trades stagnant, but don't touch my SL, so I will hold until near EOD(look at CODX today). But, the vast majority are only held for less than 90 minutes.
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Stupid question. The REZI put you bought @ 845am costs you $2.25 (3 x .75) yes/no?
Correct. .75 per contract
so how does the math work that you P/L says +$135 for REZI?
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How would you break-out your number of trades by type,
eg. 50% buycalls, 50% buy puts, and so on...
Do you expect those trade types to change as things grow?
Thanks. Break A Freakin Leg!
Love It.