(1) I opened this position early in the morning anticipating for a drop to the prev low.
(2) Choppy morning price action led to the break down, very good Thursday downward momentum.
(3) Reflection: Last week I have been way too hasty and always took my position off second day morning or two hour after the market open because it didn't move as I wanted and I got scared. Learning the way of trading the trend with options.
Mentally I was a bit discouraged, especially with school works and organizations commitments giving me extra work loads, so I haven't really updated on my trades.
(4) Picking myself back up, time to get back on track with posting my progress, glad I learned quite a bit more about option trading and general trading psychology.
(5) SL: 287.5, Looking to take profit at $277, 200MA
(2) Choppy morning price action led to the break down, very good Thursday downward momentum.
(3) Reflection: Last week I have been way too hasty and always took my position off second day morning or two hour after the market open because it didn't move as I wanted and I got scared. Learning the way of trading the trend with options.
Mentally I was a bit discouraged, especially with school works and organizations commitments giving me extra work loads, so I haven't really updated on my trades.
(4) Picking myself back up, time to get back on track with posting my progress, glad I learned quite a bit more about option trading and general trading psychology.
(5) SL: 287.5, Looking to take profit at $277, 200MA
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Also, did I skip on my strat 6...