- Recently AMZN, a limit order to short, at 63.5. It gapped up 20% to closed at 59.9, then waited three days and shorted at 63.5. Closed at 61.9, I think.
- AZO, new high, and market was overbought. Shorted at 144 (day high 146). Closed today at 137.88. Could close at 135.
- Missed POT shorts at 96 and MOS at 48. POT just two days later, low at 82 and MOS , low at 42.
- Missed SRS. Sold at 65, bought back at 62.5. It went all the way back to 51! I sold one SRS July 50 puts at 15.2 when it's 53. Like I said, if I waited one more day, I can get in at 56, another day, I can get in at 51.
- That's why today I didn't chase. Yes I may miss it. Unless Atilla calls for a terminal move, I'll wait and have enough qqqq puts.
- Think about this, Yesterday, can sell SRS at 66 (if I bought at 53 on Monday), and bought back at 59.9 at the close yesterday. Then today, I can sell at 70.
- These are the kind of trades I need to learn.
- Beanies said one thing right, don't use front month options, it will kill you sooner or later. And If I have front month options and have 30% profits, what am I waiting for? Even the March puts, I should exit. Greed, then fear, that's what killed mole's trades, even with so many great calls.
- KC seems like is the one who claimed he did this all the time. Learned something everyday.
- Just the last few minutes, if I went calls, I could make a killing, like 20-30%. That's the trade I experienced in 07, which killed me. But I found out in OEX day again and again.
- Let's use 90% solid. 2-3% next month options, and then 1% front month options.
- That's the trade I need and I think I can most of the time waiting.
- LT.Bear market.
- IT.Bear market.
- ST. Using charts(oversold, etc).
- Taking profits from shorts at critical supports are important, like today.
- Also my selling OTM puts continue to be a great strategy!