...STUCKTRADER...Learning How NOT to Trade...: STP

Showing posts with label STP. Show all posts

Thursday, November 15, 2007

Bought...STP

STP had great numbers today. So "naturally", I bought Dec55puts@2

My previous posts have cited this stock well over itʻs 50d EMA@47...
There you have it... a Bear play written all over it...

Back to sleep... my expectations are that i lose on this trade (to temper any anxiety on it)

What Did GrassHoppa Learn?

11/7 Sell before FED guy talks (see 10/11: buy puts prior to FED talk)
10/24/07 two day historical runs no longer work in todays market
10/21/07 in a shaky market 25% is very good
10/15/07 know wassup w/Oil and Housing
10/11/07 temper high flyers w/"put" protection
10/11/07 (again tho not listed) set your sell trigger
10/11/07 donʻt try to catch the bottom.
10/10/07 Waiting makes $ (10/3/07 should've taught me)
10/9/07 Double-check Chart/Technicals prior to selling on bad(or good) news. (Avoid missing rally)
10/9/07 Wait for initial highs to come down b4 buying, also sell initial highs of the day if thereʻs alot of pre-market action. it will settle down.
10/4/07: Read carefully, NS(Non-Standard Options). say no
10/3/07: Thereʻs always a dip waiting (days b4 Eco data)
9/28/07: Anticipate Economic reports to buy/sell
9/27/07: Sell that 150% gain when itʻs expiration month
9/26/07: Move expirations of far calls 30+ days after earnings
Sept: Friday is a good day to buy...Monday good to sell after initially green
Sept: Far out options work for big & FAST Movers (not GS/ORCL)
11/7 Sell before FED guy talks

...STUCKTRADER...Learning How NOT to Trade...

Thursday, November 15, 2007

Bought...STP

OIL!!!

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What Did GrassHoppa Learn?