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Dec 07

full time trader log 2012 12 06

full time traderUnderlying Stock : BIDU

Strike : 87.50 Call

No. of contracts : 4 contracts

Enter/exit price : 0.80/1.00

Holding time : 5 mins

Net Profit : $75

 

full time traderReason to enter trade:

It has been a while since I traded. Took time off due to day time workloads and most importantly to reset my trading psychology. My last trade was on Sept 28. I tried to reflect on my trading styles and emotions and felt it’s time to get back into the game. So, bring it on!

First trade after long layoff, a profitable one, but small. Trying to regain the confidence and mental condition of a day trader. And most of all, get the engines rolling again.

Scouted for entry opportunity on my shortlisted stocks. AAPL, neh.. option prices too expensive and the movement was way too erratic. Not for my first trade! AMZN and NFLX looked decent, but missed the first few timings to open position. Then, spotted BIDU and watched it for over 2 candlesticks, and when there was a big red stick while the MACD Histogram and Stochastic studies indicating a reversal trend, in I went. Not so bad after some 2-months time-off.

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