Thursday, February 20, 2020

Z two trades for overall +16%

Two different positions in Z.
Of 3 picks today, only Z set up for me. I hesitated bc wide spreads, and then wound up not going small. I think I have to chalk this up to some luck today in that it didn't hit my stop on the pullback (would have given back first trade and more). 
But I also think it's a lesson that when I play my best setups, I should expect them to trade "right" or otherwise get out with confidence.
Double complexity here was the stock price volatility plus wide option spreads. Took my limit orders and PEACE!

First trade preempt ndh.
Second trade trying to grab resumption above 64, but it rocked me first. I think it was overconfident to add (though I did increase hard stop to below pivot), but it worked. Based on huge position and spread, I took off the front as soon as it was green and then gave zero room to the rest.




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