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Jun 26

daily trade log 2012 06 21

Underlying Stock : AAPL

Strike : 580 Put

No. of contracts : 7 contracts

Enter/exit price : 1.25/1.60

Holding time : 3 mins

Net Profit : USD240

 

Reason to enter trade:

General market was again on downtrend. AAPL spiked again (just like yesterday) in the early minutes of trade. Opened position when lower studies studies  were aligned to indicator bearish trend. Haha.. did not really look at the chart when closing the trade. The red candlestick dropped too fast and emotion took over and I just closed the trade. I know, I know, I broke the rules of my own system! Sigh….

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