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Dec 20

full time trader log 2012 12 17

full time traderUnderlying Stock : AAPL

Strike : 480 Put

No. of contracts : 2 contracts

Enter/exit price : 2.40/2.80

Holding time : 8 mins

Net Profit : $77

 

full time traderReason to enter trade:

This was a technical charting play. $AAPL recovered from a pre-market drop of negative $7+ to positive $1. And from experience, it usually reversed to the earlier trend. I merely waited for the reversal signs and followed the trend to make $77 in 8 mins. Not bad, ya?

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