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Apr 23

full time trader log 2014 04 23

full time traderUnderlying Stock : TSLA

Strike : 215 Call

No. of contracts : 2 contracts

Enter/exit price : 3.30/3.70

Holding time : 4 mins

Net Profit : $78

TSLA was heading to a rebound after making a downward spiral in the opening few minutes. Chart signals did not lie and did not let me down. Of course, after opening the position, the trade was showing an unrealised loss; impossible to buy or enter at the lowest point. TSLA rebounded in less than 90 sec after i opened the position and took profit when the position hit 40 points. It was not something that I do not know, but in this trade, choosing the right strike price made a difference to the profitability and holding period of my trade.

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