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Oct 13

option trader log 2014 10 08

options trader malaysiaUnderlying Stocks : TSLA & NFLX

Strike : 265 Call & 457.5 Call

No. of contracts : 2 contracts each

Enter/exit price : 3.10/1.95 & 2.05/3.50

Holding time : 51 mins & 45 mins

Net Profit : $55

Heck, couldn’t remember what happened for for these 2 trades, just remembered that I made the wrong choice for TSLA, but stayed on and only cut loss when my position hit -$200. Then opened another trade almost immediately with NFLX. Ended up with a profit of $55. Mistake #1, did not cut loss at pre-set level of $100. Mistake #2, hope; yeah, I remembered hoping TSLA would rebound. In the end, I “switched” position to NFLX because I interpreted that the signalling rules of NFLX was likely to rebound than TSLA. Mistake #3, linking losing trade with a new trade because I “swtiched”. Ya, the switch paid off, but the mentality of trade was wrong. Hmm…! How to ever become a full time trader using options trading in Malaysia?

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