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Nov 06

full time trader log 2013 11 05

full time traderUnderlying Stock : AMZN

Strike : 360 Call

No. of contracts : 2 contracts

Enter/exit price : 1.90/2.30

Holding time : 8 mins

Net Profit : $77

In this trade, there were clear indication signals from my chart system to go long. I just needed the right entry point and did so quite OK. For the exit point however, fear took over greed and did not let the position rode higher and higher. sold at $2.30 but within minutes, it went up till $3.40. Did I choose the correct exit point?

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