Patience And The 30 Minute Time Frame – November 12, 2009

Yesterday my 30-min chart marked a buy and a confirm.  Unfortunately it also then turned around and marked a sell the end of the day.  I was in at 55 cents for a put and sold at 63 cents.  Not much profit but I used the same chart to buy a put, the $45 put this time for a much better delta.   The nice thing about this trade is that I should be able to hold this position until next week.

I’m considering buying Dec puts already.    Hmmm…  Any other suggestions?

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Tagged as: Delta, journal, Minute Time Frame, Nice Thing, Patience, stock trading, Trading