FWLT - Salvaging the trade
FWLT - First of all I entered FWLT a little late. (Yellow Dot) Secondly as of now there is a trigger for a long position. (Green Dots show signal and trigger.) Now knowing that this was a possability I picked up a front month call to help cover my position. The call I bought was the Feb. $72.50 Call for $.35 cents.
I bought 30 contracts to kind of straddle the position from here. If you want to minimize your loss you can do the same thing tomorrow. I would just watch the open and if theres strength on the open don't hesitat if it's moving. Otherwise wait for an intraday swing.
The only reason I want to add to this trade is that I want to get my money back. When I lose money, I feel like that perticular stock has my money and it's my job to take it back.
Today I'm up almost 30% on the new call. This morning I was only down 20% on the other put because of wise option selection.
At any rate. I just wanted to update you on the trade...
Mark
PS - My spell checker isn't working so bear with me on my spelling.
posted by Mark Deaton at
2:16 PM
3 Comments:
I still don't see why you entered the put trade. You should highlight (with dots) the signal and trigger to help us learn what prompted you.
My spell chicker doesn't work either, and she is a teacher. LOL :-)
I entered the put trade to save my rear. I looked for a swing low on the 10 minute and took the trigger at 66.00
Found a short term put and it saved my rear...so far.
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