Following up with my last aggressive trade on buying when price of GPRO gapped down and fell below the neck line
4 days ago. 1st, as you can see from my last post the channel that i've drawn isn't so clear as this one.
Still, the falling knife hit my long triggered @S1 of that day which is 65.21.
Knowing that price 100% will go lower to clear up all the bulls (who felt the pain and had to cut loss), i purposely put in another long @63.33 which is S2 to average up. But the lowest it went that day was only 64.74.
Took handsome profit when market open today, sold 9 contracts of call @81, left 1 call options to ride whatever trend.
P.S. I am willing to take initially loses every single trade i initiated.
4 days ago. 1st, as you can see from my last post the channel that i've drawn isn't so clear as this one.
Still, the falling knife hit my long triggered @S1 of that day which is 65.21.
Knowing that price 100% will go lower to clear up all the bulls (who felt the pain and had to cut loss), i purposely put in another long @63.33 which is S2 to average up. But the lowest it went that day was only 64.74.
Took handsome profit when market open today, sold 9 contracts of call @81, left 1 call options to ride whatever trend.
P.S. I am willing to take initially loses every single trade i initiated.
