I entered ALLY at 9:52. Kind of late for me and I considered just not taking it. Spread was 5-10c on .20 option, so I went small(ish) and opened with a limit order. That was a bit harrowing, bc by the time it filled, it was pretty near my stop. As it dropped, I didn't like the option action (ex, bids would disappear to .05, even as it dropped) and I reduced my p/l target. I feel like I was right to play it like that and possibly lucky to get the fill on the limit as it bounced. Take a little lunch money and call it a day.
Popular Posts
-
I follow and admire the trader Mark Melnick. His Newsbeat trading room (of which I am intermittently a member) and his YouTube Newsbeat vide...
-
*This site is my personal trading journal for educational and entertainment purposes. I am not an investment adviser, and nothing on this si...
-
I looooove this trade. It did exactly what it was supposed to do. Watchlist stock, up 8% open. I waited . Opening bar. Pause. Slight ndh, ...
-
Ok yes. In mid October I did mistrust that bottoming bar. Since then, follow through. A few really nice green volume bars, that accompany ...