jangseohee
Long

Vertical price movement

NYSE:AON   AON PLC CLASS A ORDINARY SHARES (UK)
70 7 0
It would be good if price broke down the channel support, then using smaller time frame to look for buying the dip
Marvelous bullish divergence!
snapshot
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lmsmith jangseohee
Very Nice!
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this trade I followed, but I have weak hands, I sold at $85 from a $79 entry.....
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jangseohee lmsmith
Hi there, wow, you really followed on this... :-)
1st. congratulate to you for making money, especially if you bought a call option @79 expiry in Dec, your % gain would have been excellent compare to shorting the shares.
2nd. though channel seems to be working majority of the time, violation can happen like this case. Hence there is always a risk. In this case you just miss the 90-85 difference of profit. What happen if you shorted @85 and you would have been in lose
3rd. As long as you got your profit from the upswing in channel. You will need to exercise your DISCIPLINE to take your profit, not lamenting further miss of opportunity. As opportunities abound.

Always ask yourself how much loses can you bear before you cut loss and do your homework to verify so to account for your own trading decision :-)

Well done!
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lmsmith jangseohee
I haven't started trading options unfortunately. I only trade equities at the moment. Usually my risk depends on how many shares I short, typically I have 1.00 stop on 1k shares, AON never got there, but continued to rise, I profit take based on dollar targets, not always a good thing, but it keeps me disciplined to get out the trade rather than giving back gains. If I left money on the table, I'm usually okay with it, for I followed my profit taking rules. Thank you!
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jangseohee lmsmith
True, it takes awhile to familiarize with how option works with additional time decay and leverage factor.
Stick to your own rule will be the best
Keep it up, well done!
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