Daily Report Card:
-stock/market morning prep: C
-distractions/distracted: A
Rationale:
-Boeing gapping down -2.74%; news released that there will be further 737 max delays
-market also gapping down with China related headline (China filed complaint with WTO over US tariffs)
-market feels like it is moving slow today; sort of chopping around
How much risk should/did I take? 2,244/16% of NLV (appropriate lot size, a bit high as % of NLV...this is due to BA being a large underlying
Recap:
How could I have traded this better?
-anticipate the lack of momentum when price got above PM-Low/open, indicating lower likelihood that the up move would hold
-noticing markets today were moving slow, and first day after a holiday, so increased likelihood of markets being range-bound
-if ADD was -1800, that would've been enough to wait for extended move to the downside
Gain/loss relative to expected gain/loss:
-+9.3%; gain slightly lower than expectation; trade is a base hit
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-09-03 10:04:06 | SEP06 19 350 PUT | buy | $3.740 | long |
2019-09-03 10:12:39 | SEP06 19 350 PUT | sell | $4.070 | long |
2019-09-03 10:16:32 | SEP06 19 350 PUT | sell | $4.120 | long |
2019-09-03 10:36:41 | SEP06 19 350 PUT | sell | $4.220 | long |
2019-09-03 10:41:14 | SEP06 19 350 PUT | sell | $4.020 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!