Tuesday, April 4, 2017

Back to Square One

The last post said the account value was $285.07.

Since then I've:

  1. Bought an F May 17 $12 call @ 0.19 that was sold @ 0.16,
  2. Gotten rid of the MU May 17 $28 call that was bought @1.97 for $1.73. 
  3. Bought two MU May 17 $26 put @0.56 and 0.41, only to unintentionally sell them both @0.46 from the execution of an improperly set trailing stop. 
  4. Sold the VALE Apr 17 $9 put that was originally bought @0.38 for 0.56 then bought a May 17 $9 put @0.52 only to sell at 0.56 two days later. I still thought VALE would head down based on support and resistance, but I wasn't able to look at the chart before determining a price point for entry. Because of this, I paid market price for that same put @0.49. It's currently sitting at a $22.14 net loss. 
  5. Bought a GE May 17 $30 put @ 1.09 which sold later @0.89. I forgot set a trailing stop so the loss was greater than I'd like
So with all those trades, commissions and fees ate up $60.65. Add that to a market loss of $34 (which includes the current open VALE position) and the account now sits at $190.42

Got a few pending orders, but essentially, I'm back to the beginning.

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