Friday, March 21, 2014

AMZN Feb 2014

AMZN



Entry :
Bearish candle, volume picking up.
Debit put spread as IV rank was low.
Hit resistance and came down. Eyeing it to hit $340 support.

Long 345/350 mar 14 debit put spread @ 2.36

Exit : 
Hit almost max loss and 1 DTE

P&L : ($234) + ($5) commission

Review :

  • halfway through there's tiny profit of $20-$30 didn't take, end up it became a loser and never look back again.
  • break above resistance but didn't want to cut.
  • Could have close off and short after breakout as it may test the support.
  • Debit spread time is not on my side. short term, get out quick with profit.
  • Even if the direction was right, still losing as theta effect kicks in, delta move not strong enough to offset theta lost
  • IV rank went lower
  • Look to long at support around 365, upcoming bullish weeks

Tuesday, March 04, 2014

WAT70



Card Mechanics - Richard Tuner
http://www.youtube.com/watch?v=UWcm2JDT4lQ

Adam Khoo 10,000hrs - http://www.adam-khoo.com/1397/there-is-no-talent-without-hardwork/

Quote : Rome wasn't build in 1 day.
Start Small, Daily -



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