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Nov 14

option trader log 2014 11 14 profit $128

option trading malaysiaUnderlying Stocks : AMZN

Strike : 317.5 Call

No. of contracts : 2 contracts

Enter/exit price : 1.15/1.80

Holding time : 5 mins

Net Profit : $128

After almost a 3-weeks hiatus, started trading again today. Opened the AMZN position when the signalling rules were aligned, and almost wanted to close the position immediately as it hit my target profit of a lowly $60, but held on. Defied my previous lesson and continued to hold and kept calm as chart signals still pointed uptrend. In less than 5 minutes, the profit was almost doubled my initial target. With the slightest hint of reversal from the signals, I immediately closed the position. Only matters of seconds later, it rebounded huge and continued its up trend and the option price escalated to $3.00, then $4.00, then $5.00. Just a quote to relief myself, “amateur traders chase gains, professional traders minimise risks”. Sigh..

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