InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,022.21
(
-0.58%
)
US TECH 100
17,098.00
(
0.38%
)
Dow Jones
37,753.31
(
-0.12%
)
Brent Oil
85.90
(
-1.25%
)
Bitcoin
61,666.63
(
0.63%
)
Post# of 931
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Insiderbuys

Send PM Follow Ignore
Followers 44
Posts 691
Boards Moderated 6
Alias Born 01/27/2010

Insiderbuys

Re: Losingmoney post# 863

Monday, 12/05/2011 2:13:29 PM

Monday, December 05, 2011 2:13:29 PM

Post# of 931
The key to take out of this was that the trade did not originally go our way and we still made money on the play.
This was a Bull call spread but the market tanked right after we bought it. We took advantage of the side we sold being down in price that it was almost a no brainer to buy back at .40 -.70. Think of it like doubling down on a stock in a losing position.

Insider

VISIT THE MICRO INSIDER BOARD

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up