Jun 26

daily trade log 2012 06 20

Underlying Stock : AAPL

Strike : 575 Put

No. of contracts : 6 contracts

Enter/exit price : 1.10/1.28

Holding time : 4 mins

Net Profit : USD99


Reason to enter trade:

General market was on downtrend. AAPL spiked in the early minutes of trade. Opened position when long upper shadow candlestick was formed and lower studies studies  were aligned to indicator bearish trend. Closed position when long lower shadow candlestick was formed and target profit was achieved.

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