Market went up
Was in red everyday. Seems like today is a good day.
Had a big lost here. just DCA tonight to bring down cost.
Some credit spreads that maybe gone case. Risk is capped but a lost is a lost. let see if if it will be assign before expiry.
this lesson taught me to always manage your spreads properly. and don't open too many to trade and also to diversify, even for a spread.
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ysgoh : live to fight another day
CatMeow : At one point, I had 30 profiles to diversify, and I took my profits. some at 5%, some 40% profit, some loss of -10%. profits were put into my larger cap profiles. it gets harder to manage and know when to sell when there's so many. We are all learning
BH_6730 : May I ask what was the credit you collected for the 2 BuPS??
Learning Uncle OP ysgoh : yes. I'm managing current position instead of opening new ones. there will always be new day to fight!
Learning Uncle OP CatMeow : yes. wow but 30 is like super a lot. lol. my max goes to 14 spreads. so when the crash last week, it when haywire. but now it's slowly going up. manage to close quite a few positions for minimal profit. but loss was widen due to assignment of stocks and exercising of it. max loss for a few of them. still have probably 2 spreads expiring this coming week, hope it will go up a bit more to lessen lost.
Learning Uncle OP BH_6730 : nearly 400bucks for 3 spreads each. so lost will be a bit over 1000
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I Am 102927471 :