Friday, May 28, 2010

My Trades

Entry on 19 May Wed:

Bot NTAP Jun 34 Call @ 1.60, sold @ 2.80 on Post Earnings Day.
Profit = $120!

Was losing money throughout the 5 days and Earnings Day.
Kept checking on news. Good news so decided to keep the position for earnings results AMC. The price spiked with good earnings result.

Very happy though it is only paper profit..
Lesson learnt: It is important to keep checking on news for decision making, whether to cut loss immediately or keeping the position.

Summary for 2010:
Winning rate = 2/2

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