My loss target was reach below 38.5 and I
SOLD -1 /QMH9 @38.525 CME, /QMH9 MARK 38.525.
I'm very proud of myself for having the discipline for having an exit plan. My plan was an exit of 38.5, based on a prior intraday low. I set the traget there with an acceptable $350 loss. If I didn't set the loss I would've lost even more money. At the money the /qm contract is below 38.
At first I was disappointed about the lost, but afterwards I realized that this is a good lost. A good lost is when you are keeping with your trading strategy and you're able to keep your losses small. The key to successful trading is keeping your losses small and controlled. You're bound to have a lot of losses, but good risk management is key to being successfully.
I started keeping a log of my option trades. Here are some stats:
With 20 trades placed, I have over 85% winning percentage, which seems extremely high. A red flag is that I need to be cauticous and continue to be disclipline in my risk management.
0 comments:
Post a Comment