- With President Trump's tariff announcement yesterday afternoon sending most everything down today presented huge buying opportunities if you were ready to move at market open today.
- Boeing had a huge day yesterday and gets affected big by tariff talk. Today it opened down $6 and shot up immediately to be short lived by 9:40am where it started its turn down. Ten minutes to make a profit is good, but turns ugly if you keep holding expecting it to come back up. Unfortunately I experienced the ugly going from a profit of $450 to a loss of $550 today.
- Alphabet (GOOGL) on the other hand gets sold off on trade news even though it doesn't have any direct business that would be affected. It was down from open and took off from there. I bought Calls when I saw it was going up and sold where I thought it peaked on the first 2 peak. I was not in on the 3rd peak that occurred at 10:30am, but did take advantage in the afternoon pop for a small gain over $100.
- LEARNING LESSON: When the Option you bought went up big came back to where you bought it, sell it ASAP before it goes down further
Wednesday, July 11, 2018
How to Turn a Down Day Positive
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Profits Only, Please!!!
I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo...
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I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo... -
I would like to own the job title of day trader. To be a successful day trader, you must focus on keeping your losses small and letting you...
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I typically narow in on one or two stocks daily to profit from options. I feel it is best to know a stock so good that you recognize patter...
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