
Didn’t wait for the over extension after a large spike but only took a small three contract position added to average down on the 26th. Overall small loss but would’ve been profitable had I waited for the morning spike that failed just below the five dollar to enter the position. Used put contracts as a short vehicle with limited risk as my first short bias trade. Little more patience for the over extension, would have turned this into a profitable trade for me for a 30% winner
Newsletters:TimChallenge
Broker:ETrade
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| Date | Price | |
|---|---|---|
| Entry | 10/25/2017 | 1.35 |
| Exit | 11/17/2017 | 1.288 |
- Total Views179
- Position Size6
- Percentage-4.59%
- Option TypePUT
- Strike5.0
- Expiration11/17/2017
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