1:23pm – Put a trade on today at 9:09am. It was a $44 put on the Q’s for Nov. @ $1.10. Well, I bailed to protect some of the profits too early. I just spaced an forgot to look at my confirming indicators before I punched out.
It only payed 34%. That is the good news. The bad news is that the trend down that I was following has resumed and currently that same option is at $1.62 which would have paid somewhere around 45%. Not a big mistake but I’m at the sidelines waiting for another trade to form and I’ll have another set of trading expenses.
Note to self: Check BB’s on a 5-min chart before ever making another trade.
1:43pm – looks like it wasn’t such a bad trade. The Q’s look to be moving up again. The confirmation for the trade I made earlier looks to be at hand. So I was just a little early. Just another case for the accuracy of my other indicators.
Patrick
