Quote:
Originally Posted by ajlaxmn
Blew past 4130, were I papertrading I would be in 4125 calls immediately with the expectation of hitting 4150 as resistance. Would also consider grabbing 4150 puts if other indicators showed that was a good setup. Would probably get 4160 Puts if I were to do so, to give myself some room.
Update: Watching SPX as it might be rejecting yesterdays close.
Update: blew past yesterday close, would still hold and wait for 4150.
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Perfect thought process. Had you played both of these plays, even using only one contract on calls and one on puts - you'd be up about $3,200 today. I took both of these plays - calls off the break above 4130 and while I missed the 4160 reject I did jump into the 4150 puts.
You've really come a long way in the few short months you've been applying what you've learned. If your ultimate goal is to do this full time - you'll be getting to that point in no time.
And for everyone else, this is exactly why I do this and post ideas/trade recaps instead of just posting "bought TSLA at the open"... You get out of it what you put into it and ajlax is proof that it's definitely a learnable skill if you put in the work and don't just follow ideas that are posted.
Those of you I work with through DM's, I hope one day you'll have the confidence to post your plays here too and get the thread more active.
Back at it Monday
