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Post by Conrad Alvin Lim on Apr 10, 2006 11:03:17 GMT -4
Post your losing trades here if you want a post-mortem by our fellow traders on what went wrong. Every trader will have losses. Learn from these losses and accept it as part of the job. Learn to minimise it and protect yourself from unnecessary risks.  |
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Post by Conrad Alvin Lim on Apr 18, 2006 14:43:50 GMT -4
 This is what happens when you rush your entry!  |
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pathfinder
Trader 
Pattern Trader Batch 01
Posts: 48
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Post by pathfinder on Apr 22, 2006 6:07:48 GMT -4
 this losing trade teach me not to be excited during trading hour. must stay claim during trading hour n still focus on ur trade. believe in ur own study. |
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Post by Conrad Alvin Lim on Apr 26, 2006 5:21:50 GMT -4
Shit happens when you have $20 to make but you are greedy with pride and then remain stubborn on "hope" .  |
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Post by chiu on May 19, 2006 0:24:46 GMT -4
Initially buy a put position as this stock TXT is having a correction cutting down Moving Average. After that, it went up very quickly giving no chance to buy a dip. Even with the broader market having correction, the price remained strong, it will be a good candidate for Bull Put Spread in near future. With the May expiration, option contract becomes worth, lost $205 on one contract.  |
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Post by chiu on May 19, 2006 0:32:06 GMT -4
This stock met some of my criterion for Bear Call Spread, but it did not turn out to be the case. Instead it went up steadily, even with broader making correction, it did not go down a lot. So decided to cut loss 2nd last day on the May 06 Expiration day. So it is another good candidate for Bull Put Spread for the near future. On 25 Apr 06 Sell May $55/$60 Bear Call Spread at net credit=$1.45 (Sell $55 Call at $1.8 and buy $60 Call at $0.35). No stop loss order. On 18 May buy back Bear Call Spread at net credit of $2.5, Loss=$1.45-$2.5=-$1.05 (loss $105).  |
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Post by chiu on May 19, 2006 0:37:12 GMT -4
This stock, CNXT, was one of the stock listed by Cramer having the potential for good breakout potential. Tried out on cheap option.
On 25 Apr, buy May $5 Call at 5x$0.10. Expired worthless,
loss $50.
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Post by chiu on May 19, 2006 1:24:29 GMT -4
For the last 1 month, I am very selective on bullish counter due to the view that the broader market will correct. This stock, FCX, has strong fundament, MSN rating of 10, put in a bull put spread. Iniitally the stock went up as predicted but it turned opposite direction very strongly. So strong stock could have very strong correct as well. With no stop loss and tried some bargain did not manage to get, hit the maximum loss of strike price - net credit=$5-$1.25=$3.75 (loss $375). On 4 May 06, sell May $65/$60 Bull Put Spread at net credit=$1.25 (Sell $65 Put at $1.85 and buy $60 Put at $0.60). Expired with the strike price difference.  |
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Post by Conrad Alvin Lim on May 30, 2006 10:45:22 GMT -4
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Post by chiu on May 31, 2006 1:44:35 GMT -4
On 25 May, on the news of stock split case, put in to buy Jun $62.5 Call at $1.25 for LOW. On 30 May, on the overall market sentiment being bear, sell Jun $62.5 Call at $0.7, loss=$0.7-$1.25=-$0.55 ($55). Please trade for more detail.  |
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