
Got in on short dated thinking this was going to continue it's upward trend. First entry was .45, and then watched it go down so the next day tried to get my average down and bought in at .19 for average of .32. However, made a fatal flaw. I went out of town for the weekend and didn't realize I would have no service and could not get out of these before the expiration. Stupid mistake. I lost the entire investment.

Saw this on a watch for Puts either with Schwab, or yahoo possibly I had it written down and decided to check into it. Looking at the chart I could see that the normal pattern was this sharp up and down pattern. I looked at the price action, volume which is key with these plays, the interest and delta along with time of day to be prepared to close out positions as needed. I added more positions through out the day to average my shares lower also.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.


