Biggest disappointment this week is my trade in BIDU. I was right about the direction and yet I've lost money.
On Monday I bought 2x put spread (110/115) for a total cost of $746. My total potential profit was $1k - $746 = $254.
I sold that spread a day later for $844, so I made profit of $98. Then I bought 4x 95 Put for $512. Market held above 95, so I've lost whole premium.
Bad outcome, but I'm not sure if it was a bad trade - I did what my model told me. I reduced total risk with the second trade (844 -> 512). I'm not yet sure what to think about it, unless someone has some thoughts?
On Monday I bought 2x put spread (110/115) for a total cost of $746. My total potential profit was $1k - $746 = $254.
I sold that spread a day later for $844, so I made profit of $98. Then I bought 4x 95 Put for $512. Market held above 95, so I've lost whole premium.
Bad outcome, but I'm not sure if it was a bad trade - I did what my model told me. I reduced total risk with the second trade (844 -> 512). I'm not yet sure what to think about it, unless someone has some thoughts?