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Mar 13

full time trader log 2013 03 12

full time traderUnderlying Stock : AAPL

Strike : 425 Put

No. of contracts : 2 contracts

Enter/exit price : 1.70/1.95

Holding time : 3 mins

Net Profit : $48

 

full time traderUnderlying Stock : AMZN

Strike : 270 Put

No. of contracts : 5 contracts

Enter/exit price : 1.06/1.18

Holding time : 8 mins

Net Profit : $38

 

full time trader


Reason to enter trade:

AAPL : The stock was downgraded before the start of the trading session. 30mins premarket was down about $4, but moved back up to minus $1+ 2 mins before market opens. Experience told me that stocks would eventually head south after a downgrade and a quick surge of price movement minutes before the opening bell rings me an opportunity to short the stock.

AMZN : Signals were indicating south trend but price kept moving up candlesticks by candlesticks. Opened 3 contracts when there was a long legged green bar, it went higher two candlesticks later. Decided to buy in additional 2 contracts to average the price. $DJI was on a downtrend then. AMZN succumbed and headed south. Closed off the position eventhough it was recording just a small profit as signals looked set for a reversal. Do not want to risk further. Remembered that to be a successful full time trader, ones need to control risks rather than chasing gains!

1 comment

  1. Colin

    Dear Keegan

    I have just started trading Forex and Binary Options a few months back, I trade Forex with eTORO, and Binary Options with opteck.com.

    My concern here is, are Forex and binary options trading online legal in Malaysia? Does Bank Negara has a rule guarding these?

    Thanks.

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