Shared by
yoosh
I definately over traded this. My first trade on this was perfect, I essentially top ticked the short positions which was at G/R mark. If I had that position I would have made $800 from a $170 investment.
Anyway, I then ended up scalping it on every bounce, but I think that was bad because commison woudl have eaten me up and we dont see it on this. Every time it looked like it was bottoming I did not sell my position and as it curled up I sold for really small gains. I need to work on executing once and exiting once I think.
Also these kind of plays are rare, so when I top ticked the short I probably need to risk the same level
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-05 10:03:51 | JAN07'22 282.5 PUT | buy | $1.710 | long |
| 2022-01-05 10:23:15 | JAN07'22 282.5 PUT | sell | $2.110 | 0 |
| 2022-01-05 10:33:25 | JAN07'22 277.5 PUT | buy | $1.800 | long |
| 2022-01-05 10:36:03 | JAN07'22 277.5 PUT | sell | $1.810 | 0 |
| 2022-01-05 10:38:09 | JAN07'22 277.5 PUT | buy | $1.910 | long |
| 2022-01-05 10:42:12 | JAN07'22 277.5 PUT | sell | $1.790 | 0 |
| 2022-01-05 10:43:17 | JAN07'22 277.5 PUT | buy | $1.950 | long |
| 2022-01-05 10:55:22 | JAN07'22 277.5 PUT | sell | $1.700 | 0 |
| 2022-01-05 11:02:06 | JAN07'22 277.5 PUT | buy | $1.580 | long |
| 2022-01-05 11:17:48 | JAN07'22 277.5 PUT | sell | $1.660 | 0 |
| 2022-01-05 11:18:25 | JAN07'22 277.5 PUT | buy | $1.780 | long |
| 2022-01-05 11:28:43 | JAN07'22 277.5 PUT | sell | $1.800 | 0 |
| 2022-01-05 11:31:47 | JAN07'22 277.5 PUT | buy | $1.990 | long |
| 2022-01-05 11:38:32 | JAN07'22 277.5 PUT | sell | $2.100 | 0 |
Comments
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Focus on the ranges if you going be in and out of the stocks, limit yourself by creating rules on how many times you can go in and out.