SOLD -1 CALENDAR AAPL 100 APR 09/MAR 09 80 PUT @1.51 ISE, AAPL MARK 93.13,
Loss (-13%)
Lesson I screwed up the order . I put the stop loss based on price of 1.96 but I entered the trade at 1.73 which was entered when it reached above 91. I reviewed the daily pivot points and decided to enter the trade on the MARK. What I did correctly was that I put in a stop loss, so I wouldn't get emotional when the position goes againist me, but I forgot that the stop loss was based on a different price, so I was stopped out.
After reviewing the charts, it would have been a good time to exit out of the position. AAPl closed above the previous high, so the retest of the William% R failed.
After reviewing the charts, it would have been a good time to exit out of the position. AAPl closed above the previous high, so the retest of the William% R failed.
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