-$24 Loss
SPYLong Option
Annrealdeal

Took this trade in supply, but price action decided to base. Buyers were just stronger than sellers at this level. I should have looked for a stronger reaction and I probably could have cut my losses a little quicker, but I was really trying to give the zone time to work. I did good cutting the loss when it reached my stop out level. First red trade out six this month isn't a bad average. Good lesson learned on waiting for better confirmation.

00

DatePrice
Entry12/15/20202.46
Exit12/15/20202.23
  • Total Views71
  • Position Size1
  • Percentage-9.35%
  • Option TypeCALL
  • Strike367.0
  • Expiration12/18/2020
Copy and paste the following into your page or blog. If using WordPress, you must paste this in the HTML tab only:
Join now or log in to leave a comment