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Mar 27

option trading log 2015 03 27 profit $68

binary options malaysiaUnderlying Stocks : AMZN

Strike : 370 Put

No. of contracts : 2 contracts

Enter/exit price : 1.50/1.85

Holding time : 19 mins

Net Profit : $68

$INDU was always looking to drop today, so as the many other stocks on my Malaysia options trading watchlist. So, I looked for my bearish signalling rules to open the trade. And again it was good’o AMZN. Almost 3 consecutive trades on AMZN on previous sessions. Sideways for almost 15 mins before it finally descended. Took profit and ran, because wanted to exit quickly (and also because of sleepy). No doubt it continued its downtrend and could have profited more, but after many “constipating” lessons learnt during my options trading journey, it was always wise not to be greedy and always to protect your money chest. Opportunities will come, again and again and again. Remember that Greed is one of the two greatest nemesis of a professional trader, Fear being the other one.

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