
Entered this trade based on the chart. I observed a falling wedge pattern on the daily chart, which implied that the stock price was about to shoot up. I only gave myself (2) days until expiration, which was very risky. I didn’t need to hit it out of the park but I should have sold (1) contract and held the other for a little while longer. The stock shot up past the strike and I missed a lot of gains. Bought (1) contract at .14 and the other at .09 to bring average price down. Sold both at .13
Newsletters:Pennystocking Silver
Broker:Robinhood
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| Date | Price | |
|---|---|---|
| Entry | 4/3/2024 | 11.50 |
| Exit | 4/4/2024 | 13.00 |
- Total Views96
- Position Size2
- Percentage13.04%
- Option TypeCALL
- Strike49.5
- Expiration4/5/2024
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