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This was negative for most of this trade so when it went positive today I got out with a small profit, but GREEN. It's still going higher but not much, sell into strength. In the past when I stayed in for bigger profits I ended up losing money way too many times so I'm happy with my exit. With it being the expiration month the time decay is much faster increasing my chances to lose money. Now I get my money back to make other trades.

Entered from Tim's chat. I set a stop at $0.68 when it was around $0.70 but after hours it did not get hit on Schwab. Their trading hours are basically 6:00am CT to 7:00pm CT. This morning a few different levels that did not get filled until 6:00am CT at $0.65 so still a small green trade. Nice to learn the hard way about after/pre market stops on a small trade.

Entry comments: Tim Challenge Chat recommendation for a weekend trade. Everything he posted I liked and looking at the chart the Chaikin money flow is almost even and heading higher so money is starting to flow back into the stock. Probably in part to the anticipated earnings next week? It's a bit of a concern with Stochastics and MACD showing overbought so we'll see if the earnings can drive it higher on Monday morning.
Exit comments: I could not get out of the trade Friday after the apparent bad news but it only dropped around $0.20 per share. Unfortunately my day job kept me from watching it get up to a high of around $2.20 Monday morning so I missed that but still got out with a profit so I'm OK with that. Take what I can get with a day job that takes 50-60 hours a week. Green trades are good trades no matter how big or small.

I've traded the Q's for 25 years but this is the first time I tried one of those zero day options. My old strategy was to NEVER hold overnight I decided the high risk in a zero day was OK, I'd be out red or green anyway. It was negative all day until these past 20 minutes. BUT, DAAANG that delta and price sure changes fast compared to an option expiration a couple months out. Now I know if I use that I better have the correct direction.

Great financials for the past few years, never missed a quarterly report in the past 2 years and several brokerage house price upgrades. I thought it would go a lot higher (still think it will) but their report missed and this trade was down about 60% at one point. With options time decay for the expiration month upon me, I was super happy to get out with a positive trade. It's still climbing but I don't care, don't look back on a GREEN trade.
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.