Wednesday, 21 May 2014
Trades Recap 21/05/14
Poor trading today, $IGC while I finished up on it (barely) I again was too short biased and shorted on weakness instead of pops. Generally was just a bit sloppy and took less than perfect setups.
$PVCT and $NEWL I had no borrows so missed out on huge plays.
$PHH saved my day, finished up +$550
Trade Highlights:
$FEYE flat - broke one of my (new) rules about avoiding gambling, even if in this case odds seemed in my favour.
Had a bad avg (30.25) and it gapped up $1+ ... i added a few and covered on a pullback to finish even. Got lucky here, could have been a painful -$300 lesson
$WIIM +$139 - filled only 5k shares
$NEWL -$161 - made 2 trades, both were losers; tried buying on weakness given the way it was trading i was trying to be a contrarian ... didn't work
$PHH +$558 - more luck than skill, took some puts after some material news turned out to be inaccurate (later on confirmed accurate); after one squeeze it was pretty much in a downtrend and I took profits along the way
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I want to learn more about options trading. What would you recommend?
ReplyDeleteI'm not very well educated myself on options, I just got myself familiar with the basic terminology (google should suffice). That's a good start, then observe how they trade etc
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