+200 AMZN puts daytrade & +210 BP puts swingtrade
"I'm just trying to be very careful. I hope I don't change" <-- from my quote yesterday. Being careful and leaving a lot of money on the table go together. Still hurts like crazy! I got a very nice entry on the AMZN puts, but being very careful of the profits which came immediately meant lowering my exit signals. I got out too soon. If I held using my hold-time signal (of 30-45 minutes), I would have gotten an extra 500 profit. Ouch!
If I have to choose between being careful (leaving money on the table) and having big drawdowns/losses; I would choose being careful. I'm just trying to see if there's more room to improve.
Exited my BP puts swingtrade for profits. Very, very thankful as I was down as much as 900 on it last Friday. All of the lost value came from the "implosion" of the IV from 104% to 72%. That's the risk of buying "overpriced" options. Glad BP stock went down enough yesterday and today for my negative delta on the puts to provide me with profits to exit the trade today. BP IV still low compared to last week.