Aug 27

full time trader log 2012 08 27

full time traderUnderlying Stock : AAPL

Strike : 660 Put

No. of contracts : 5 contracts

Enter/exit price : 3.00/3.25

Holding time : < 1 mins

Net Profit : USD114


full time traderReason to enter trade:

AAPL moves to new highs after winning the billion dollars suits against Samsung. Chart signals pointed to retreat after several long green candles, and a check on the MACDHistogram confirmed the technical retreat. Opened and closed the trade at the 3rd red candle and within a minute. Heeya… good to score again after a long time absence from trading in IB!

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