My option trades

I'm out of ISRG. Originally at a $1000 profit, slippage and stock's swift rise caused a -$300 loss.

It's a pain in IB to quickly close orders... I wish it were more like ThinkOrSwim.

Closed BIDU as well. WAsn't worth holding on to it. I won't smack myself if it rises now.

I've had a rough couple weeks. Quite a few losses.
 
Quote from newwurldmn:

It happens. As long as your still standing without any serious impairment to your ability to the next trade, you are okay.

Yea, not like it's my career... just a really cool hobby that I take seriously...

But that dont mean I'm not gonna screw it up... i could eventually learn to make consistently good returns...

Like Nas says..

<iframe width="560" height="315" src="http://www.youtube.com/embed/eUqLGRMrFAg" frameborder="0" allowfullscreen></iframe>

Lol, I was 15 something... just been dumped when this came out. I wanted to get over the b$#@ so bad by showing her I was good at pretty much everything else, I'd listen to this night and day...

good times!

ok, back to elitetrader
 
Quote from babutime:

I'm out of ISRG. Originally at a $1000 profit, slippage and stock's swift rise caused a -$300 loss.

It's a pain in IB to quickly close orders... I wish it were more like ThinkOrSwim.

Closed BIDU as well. WAsn't worth holding on to it. I won't smack myself if it rises now.

I've had a rough couple weeks. Quite a few losses.

The flies still look good in May. Vol still has to come in. I have a small position in the May 550-610 fly from 8.00 risk.
 
Quote from jeffalvinson:

Entered a trade from the older mechanical trade systems:

Bought SPY May 135 puts at 1.35
Sell Limit 1.75 (30%)
Stop: 1.02

I entered at the Buy No. 2 entry price only because this is put sequence No. 10.

_______________________________________________

I sold out of this trade early because statistics over the last 15 years favor a bullish expiration week (updated excel results).

However, I will mention that the last 2 trades before this trade
(dated 4/11/2012 and 4/13/2012), both hit there profit goals that I had originally posted for them within the next 2 days.
I am having a hard time with conviction and discipline since taking those multiple losses in the first week of this month. Losses always make me doubtful and gun shy for a while after, but eventually this too will pass.
 

Attachments

Quote from atticus:

Earnings trade. AAPL May 540P/550P/675C/685C 10-wide iron condor (short gamma) at a 6.00 risk (4.00 fill).

Trade is risking 6.25. If you didn't get a fill at 6.00-risk I would let it go.
 
Quote from atticus:

The flies still look good in May. Vol still has to come in. I have a small position in the May 550-610 fly from 8.00 risk.

8.50 mid now; also losing interest above this price.
 
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