FOMC day
Today the Feds are meeting again and this is one day that we should avoid trading as the market can swing tremendously both ways with uncertainties. Because I have positions in MFE and ADSK, I tighten my stop lost and make sure I am out by today.
Sold ADSK at 2.60 for a lost of 0.30 per contract (loss of 10%) . Sold MFE for 2.70 for a gain of 0.75 per contract (gain of 38%) .
Personal Note: if today is a normal day, I will just put a stop at the star formation day and let the profits rides. Well, I will fight another day. Comments and advice are welcomed.
Sold ADSK at 2.60 for a lost of 0.30 per contract (loss of 10%) . Sold MFE for 2.70 for a gain of 0.75 per contract (gain of 38%) .
Personal Note: if today is a normal day, I will just put a stop at the star formation day and let the profits rides. Well, I will fight another day. Comments and advice are welcomed.
posted by RichTrader at 11:30 AM
1 Comments:
Hi Richtrader,
I think what you did made perfect sense. I advised my current students against putting on new positions that day and it turned out to be advise well given. You did right by enforcing stop losses both ways and got out with reasonable profit. Well Done!
(Many traders loss a lot of money that day and we surprisingly continue to make money with the Star System!:) )
Jason Ng
Founder, Masters 'O' Equity
www.mastersoequity.com
"Your Personal Stock Option Mentor"
Post a Comment
<< Home