Bull or Bust

a bull's view

HOW TO BLOW A DAY

mondayHOW TO BLOW A DAY!

UGH! How ridiculous is this! All I was trying to do was make up a few trades that were negative YTD. I had seven (7) equities out of twenty-two (22) that were negative so far. I hate that and I wanted to fix it. So what did I do?

Well, the first three (3) I worked on this morning were ROKU, WATT and GE. I mean who isn’t down on GE right? However, I was only down $350, $20 and $50 respectively. I thought I did pretty good only being down $50 on GE!

FIRST UP – GE

Pre-market I purchased 200 shares of GE at $15.99 per share and sold shortly after the open for $16.28 per share easily covering my $50.00 YTD loss and making me profitable for the year.

SECOND – WATT

WATT is just a dog and it shot up after they announced the FCC approved their wireless charging technology, but quickly came right back down to Earth. All I needed was $20.00 so I purchased 1000 shares at $17.80 after the open thinking it would bounce right back to $18.00, but it did not. It bit me hard and I am now down further at $187.00 YTD. This really frustrated me.

THIRD CAME ROKU

ROKU was my largest loser of 2018 so far and I missed a HUGE opportunity to make it one of my best! I was down $350.00 and I’ve been trying to figure out for weeks how to make it back quickly and get out. I purchased 1000 shares at $40.34 around 9 am central this morning with a 50 cent trailing stop (this is very important). I let it go and went to take a shower. When I got out of the shower it was $40.84 and I was up $500.00! Yay! My trailing stop was already at $40.34 (my break even) and all I had to do was let my trailing stop do its job…but OH NO! I just had to take the profit and consider myself lucky. I watched ROKU go up all damn day and eventually hit $45.00 per share after hours. I missed out on a cool $4,500.00 additional profit for the day!

OH WELL…THERE GOES $18,000!

In the end, after selling ROKU too soon and SQ (Square) too soon and several others this morning too soon I made $4500.00 for the day, but would have made $18,000.00!! Yeah, $18,000.00 had I simply held everything until the closing bell.

Day’s like this make you happy, but also an alcoholic haha!

 

Stock and Option Trading