Thursday, March 30, 2023

partials, targets, and whether to hold

UBER spreads were too wide. UBER trade net 0 gain. To me, that's a good example of why taking partials matters. It lets me give the rest of the trade room. In this case, partial loss, then add back when it started working again. Then partial at target, and ultimately I gave it back. Without the target it would have been a big loser.

Ofc in retrospect I see a lot I could have done differently on UBER, including probably should have just passed on it in the first place. The spread was too big .15x.18. Didn't seem like much, 3 cents, but otoh, that's 20% just in the spread. For starters maybe I should have taken a different strike. Or, maybe the setup wasn't compelling enough in the first place to risk it at all.

On AI, taking the target did comfort me psychologically and helped me hold for a higher level. My T1 and T2 were still way above, but at the end I decided I just wasn't comfortable holding the risk anymore and dumped it.

Mom is having some heart stuff, went to the hospital last night for monitoring. BEH will be ok.

 

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