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May 09

full time trader log 2014 05 09

options trading MalaysiaUnderlying Stock : AAPL

Strike : 587.50 Call

No. of contracts : 2 contracts

Enter/exit price : 3.66/4.20

Holding time : 36 mins

Net Profit : $105

Only managed to close this position in a profit after a long frustration 36 minutes wait. It could be sooner, but was again too greedy. It was up to my target price of $4.20 but I shifted the goal post to $4.30. It was down as per the signalling rules and had to wait for another cycle before its reversal. Luckily, AAPL was just moving sideways thereafter, if not, my cut loss limit would have been hit. Cursed myself for being greedy again!

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