Friday, December 7, 2007

AAPL


This series of trades really shows my inexperience. Here is the list of lessons learned:
1. Never establish a position when stock is falling
On 11/12, notice i entered 3 times: entry...sell...entry.

2. Sell on gap ups or show of strength
On 11/15, stock gapped up...and then filled back down.

3. The trend is your friend.
I tried to play puts after seeing the gap up being filled. This play is way to complex for my level.

4. Proper entry would of been 11/28
this is the start of wave 3. i would of avoided too many entrys and exits and worrys.

I don't mind the mistakes. I'll call these lessons. Hopefully, I will always remember these lessons in future trades.

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