This week was a rough one, I was busy at work, and really had not time to trade. That being said, I also did not want to trade much outside of day trades, as the market was up, down, up, down. All week with interest rates climbing and the stimulus package getting approved, and then held up in the senate.
The Friday of last week I was short the market which proved to be a good play, but I was unable to login before the end of the day and close out the positions. Monday was a big up day and I gave a little back from the trade. So I started the week down about 400 dollars.
I did 2 trades this week, one accounted for 2 of my 3 day trades, as I bought 4 calls, but sold 2 at a time. I guess that is 2 day trades as I opened once, but sold twice. The 4 calls where in Home Depot, and I made about 300 on the trade. Home depot was down as it is considered a home stock, and with the pop in the interest rate, it was crushed this week.
This week was a rough one, I was busy at work, and really had not time to trade. That being said, I also did not want to trade much outside of day trades, as the market was up, down, up, down. All week with interest rates climbing and the stimulus package getting approved, and then held up in the senate.
The Friday of last week I was short the market which proved to be a good play, but I was unable to login before the end of the day and close out the positions. Monday was a big up day and I gave a little back from the trade. So I started the week down about 400 dollars.
I did 2 trades this week, one accounted for 2 of my 3 day trades, as I bought 4 calls, but sold 2 at a time. I guess that is 2 day trades as I opened once, but sold twice. The 4 calls where in Home Depot, and I made about 300 on the trade. Home depot was down as it is considered a home stock, and with the pop in the interest rate, it was crushed this week.
The next trade was Friday and it was a 2 put play on a pull back around noon. I made 70 dollars for about 2000 at risk which is 3.5 percent move on the option. If fit my profit target so I took it. Ended the week down about 100 in the challenge account, but still ahead of target for the year.
My biggest challenge is going to be getting enough time to trade, but that is life.
The next trade was Friday and it was a 2 put play on a pull back around noon. I made 70 dollars for about 2000 at risk which is 3.5 percent move on the option. If fit my profit target so I took it. Ended the week down about 100 in the challenge account, but still ahead of target for the year.
My biggest challenge is going to be getting enough time to trade, but that is life.