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Sep 30

option trader log 2014 09 30

options trading malaysiaUnderlying Stocks : NFLX

Strike : 445 Put

No. of contracts : 4 contracts

Enter/exit price : 1.42/1.65

Holding time : 16 mins

Net Profit : $90

My signalling rules weren’t wrong when I needed to average my position for this trade. My charting system did not promise to buy at low and sell at high. Sometimes, you’ll need to make an impromptu decision whether to cut loss or to hold by looking at the charts. For this trade, I decided the latter. The move paid off as I did not get emotional when the trade turned against me for a while eventhough the signals were correctly interpreted.

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