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Sep 12

full time trader log 2012 09 12

full time traderUnderlying Stock : BIDU

Strike : 110 Call

No. of contracts : 9 contracts

Enter/exit price : 0.84/0.96

Holding time : 12 mins

Net Profit : $105

 

full time traderReason to enter trade:

Waited for quite some time for BIDU to reach bottom for day trading this counter. Saw the first signal of reversal at point of entry only to see it bottomed down further on the next candle. ROFL, constipated and bought 2 more contracts while it reversed. Did not cut loss as stop loss not hit. It eventually moved uptrend and exited at profit target.

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