My Life My Trade

This is a trade that went awfully wrong. I got out at the wrong time. It went down right after I got out. But it had hit my max pain target.

BOT them here for $7.30 and later on added equal quantity at $4.40 to get an average price of $5.85 – 45% loss here. Bad trade.

Mental note: I have to stop getting into such speculative trades. Also, I should hold them till expiration AND I should not average down.

SOLD PALM Jul $16 puts @ $1.20

MANAGED Positions in GS Jul $145 puts to get an average price of $3.62

MANAGED Positions in GDX Jul $39 puts to get an average price of $1.08

SOLD RIMM Jul $70 puts @ $2.73

MANAGED Positions in QID Jul $32 calls to get an average price of  $1.23

SOLD BIDU Jul $270 puts @ $3.30

BOT USO Jul $38 puts @ $1.20

BOT OIH Jul $100 puts @ $3.40

MANAGED positions in TZA Jul $22.5 calls to get an average price of $1.57

MANAGED positions in ICE Jul $110 puts to get an average price of $3.00

BOT IPI Jul $29 puts @ $1.70

Here are a bunch of charts with some annotation which should be self-explanatory. Some love shared right at the top of this page will be greatly appreciated

• AAPL Jul $135 puts @ $3.03 (avg) (purchased 06/25)
• BIDU Jul $270 puts @ $7.30 (purchased 06/25)
• FCX Jul $48 puts @ $2.15 (avg) (purchased 06/25)
• ICE Jul $110 puts @ $3.90 (purchased 06/25)
• OIH Jul $95 puts @ $2.76 (avg) (purchased 06/25)
• PALM Jul $13 puts @ $0.95 (purchased 06/25) – earnings play; small position
• IWM Jul $49 puts @ $1.05 (avg) (purchased 06/25)
• SPY Jul $89 puts @ $1.36 (avg) (purchased 06/25)

DISCLAIMER: Nothing contained anywhere on this site constitutes any investing advice or recommendation. Any purchases or sales of securities are solely at the discretion of the reader.

BOT them yesterday for $6.77 – 83% profit

Swing trade on short term weakness. Using trailing stop here.