Sorry, I was tied up there with the market.
I trade on a specific chart pattern using specfic triggers. I calculate my entry and exit points ("good" and "bad" exits) before I pull the trigger. I didn't play PSFT because I was already in two short positions.
My goal is to make money on every single trade I do. I don't necessarily look at a percent gain on the trade, but at my reward/risk ratio.
Yes, I do hold positions overnight. The QCOM puts is a good example. For the purposes of this thread, we're going to assume that all the options plays are paper trades, but that may not be the case in real life. I also have long-term positions, and I will probably be discussing that part of my strategy (it's a strategy, not a system, there is a big difference) within a week or two.
My first goal here, since I am new to this site, is to post all my day trades for one week straight. That way anyone that cares to look can see what I can do.
What is your opinion of my trades this week so far?
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