Big cap frd, low range, could have took more size. Very easy trade though. probably goes lower but didn't have enough size to really make it worth it. Some covers right near lod
reshorted into a spike , rinse and repeat
short off highs
Entry comments: Kellog, being a food company is in a hot sector just now. It is trading above the 10 month SMA, and is at the upper Keltner channel. I blew my entry, should have tried getting it for 9.20, but wrongly entered 10.20 as my limit order. I must remember to double check things before confirming my trade. Will watch carefully, as this will need to go up at least 2.5% for me to make a profit.
Exit comments: Downward trend in the market today affecting both of the option positions I was holding. This coupled with a warning I read about the stock market possibly crashing on Monday, was enough to force me out of my positions. Rule #1, stop losses early.
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