Market Curiosity: Exploring Markets And Systems

March 30, 2011

Sold CNQ put (paper trade) (update May 15) +100% (put), -17% (stock)

Filed under: +76 to +100%, -05 to -24%, Long Stock, Mistakes, Short Puts — Tags: — Jeff Fitzmyers @ 8:58 pm

Sold April 49 put for 0.50 yesterday when price was about 48.53.

+ Price opened below yesterdays low, tagged the 34 ema and rose a fair amount.
+ From the IBD big cap 20.
+ Stock is in an uptrend.
– Volume is pretty weak. THe very conservative might wish to cover.

May 15: No more paper trades. I was deluding myself that I was not solely focused on silver in April. Paying attention to illusions does not produce gains in anything but experience-the-hard-way. Using Fridays low as the exit point for getting out of the stock.

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