Loss 59.91USD thru trading on .WBTR 12.5 Aug Put. 36% loss.
Lesson learnt, never play on earnings gapping. Suprisingly stock went up even after posting $8.86 billion second-quarter loss. WTF!!! Also need to be more mechanistic to cut loss when loss reached 20% instead of 36%.
But nevermind. Lesson learnt. Don't play gambling and one can never use logic to decide which way stock will go after earnings report. Use long term trend to determine instead. Also use DITM options to safeguard. And most important of all, CUT LOSS FAST! Use straddle instead.
Now profit reduced to 50.23USD.
1 comment:
I am very much impressed with the knowledge and research of the writer. Every point is explained so well that the post looks complete and perfect. I appreciate you for continue writing in future too. I am also providing ncdex tips so I found this post useful.
Post a Comment