Great entry on the 22nd finished pullback. Since then I’m long a 10/30 $300/340 vertical spread
Options360
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limeandsalt
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"Never get into a war without an exit plan"! My lesson to remember!. (I thought I had a plan).
limeandsalt
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I might take my small losses and lick my wounds! Thanks!
Options360
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@limeandsalt, this is just a thesis. I could be totally wrong. Study, research, read, use a pencil & graph paper log book. As we know, a multitude of things can happen with TWLO price action. It's always a game of chance. What you want to do is make high probability trades. Risk management is at least as important as profit making.
Options360
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@limeandsalt, sometimes the best trade is not to trade. FOMO is not a good trade. lol. Kinda like that Kenny Rogers song...
limeandsalt
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@growerik, "sometimes the best trade is not to trade"- this is why I always stop myself and on this one I force myself to act because FOMO. Something similar happened to me with NVIDIA but on its way down, and it kept going down, and boy do I regret it still, for obvious reasons.
Options360
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@limeandsalt, yeah lol. Every trader on earth, been there done that. It's normal. Question: do you like debit spreads & strangles sometimes when the opportunity looks conducive?