PCLN Trade on Jun 11, 2013 11:52 from J2WS: Tradervue User Stock Trades.

Shared by
J2WS

Short against the 820 level on the daily. Target 790.

Time decay + -delta = big loss.

This could have been close to a breakeven trade had I covered two days ago. Expensive lesson. Choppy market should mean tight covers and risk management. It's okay to let the trade run if we were in a trending market. I need to make a bit better decisions and work on risk management. It's a shame especially since I recently talked about a focus on risk management.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-06-11 11:52:31	JUN22 13 815 PUT	buy	$12.300	long
2013-06-17 10:55:57	JUN22 13 815 PUT	sell	$5.200	long
2013-06-17 10:55:59	JUN22 13 815 PUT	sell	$5.200	long
2013-06-17 10:55:59	JUN22 13 815 PUT	sell	$5.200	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PCLN&trade=489523&end=20130617160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PCLN&trade=489523&end=20130712&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PCLN&trade=489523&end=20130712&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PCLN&trade=489523&end=20131109&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

PCLN Trade on Jun 11, 2013 11:52 from J2WS: Tradervue User Stock Trades.

Leave a comment about this trade!

Editor syntax