Let me walk you through one trade I took back in February.
SPCE
Waking up on Feb 25th, I noticed SPCE started tanking due to bad earnings. Recognizing this Head & Shoulder pattern wasn't difficult... At All!
Even though I had just started options trading the week before, I decided to trust my technical analysis opinion and took the trade. On Feb 25th I bought 3 $29 strike puts expiring 2/28 (2/28 the morning we bottomed out at $20).
Waking up the next day (Feb 26th) I sold all 3 contracts for a 80% return as I really didn't want to be greedy. Although as you see I should've trusted my TA and not let emotion come in between me and the bag.
Everything is a learning experience and part of the plan. Keep your head up, trade with confidence and let's get this bread.
SPCE
Waking up on Feb 25th, I noticed SPCE started tanking due to bad earnings. Recognizing this Head & Shoulder pattern wasn't difficult... At All!
Even though I had just started options trading the week before, I decided to trust my technical analysis opinion and took the trade. On Feb 25th I bought 3 $29 strike puts expiring 2/28 (2/28 the morning we bottomed out at $20).
Waking up the next day (Feb 26th) I sold all 3 contracts for a 80% return as I really didn't want to be greedy. Although as you see I should've trusted my TA and not let emotion come in between me and the bag.
Everything is a learning experience and part of the plan. Keep your head up, trade with confidence and let's get this bread.
