Classic example of getting overleveraged and then stopped out just to see the ticker run the rest of the day. Here is the deal: I got stopped out and then I chased causing two losses. 1 option to better profit from this trade is to use half the size I started with. If I used half the size this would have been a 100% + trade. The other great thing about starting with smaller size is that I can add to it so in this case it would have been great to add to this trade and when I got bigger confirmation instead of chasing. There was 2 even better opportunities in this ticker at 9:40 and 9:50 which would have been huge winners. Patience and using comfortable size while I grow is key.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-09-20 09:34:19 | 24 SEP 21 29 CALL | buy | $0.2500 | long |
2021-09-20 09:34:19 | 24 SEP 21 29 CALL | buy | $0.2500 | long |
2021-09-20 09:37:45 | 24 SEP 21 29 CALL | sell | $0.1800 | 0 |
2021-09-20 09:43:43 | 24 SEP 21 29 CALL | buy | $0.3400 | long |
2021-09-20 09:47:28 | 24 SEP 21 29 CALL | sell | $0.3200 | long |
2021-09-20 09:54:26 | 24 SEP 21 29 CALL | sell | $0.2300 | 0 |
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