Thursday, September 11, 2008

Sold XLF 20 puts btw 0.75-0.80

9 comments by xTrenders :

golibaaz said...

Congrats on a well executed trade!!

PCP said...

F**king eh, Sol.

almost 100K for overnight position. You are well disciplined trader.

Hope you will continue posting and answering questions. I am learning much here.

IC said...

Superb trading, great job.

TonyH said...

With big risks come big rewards. This one paid off big! Appreciating the ideas, keep them coming.

Greenie said...

Well played !!

admin said...

The fact of the matter is there was zero risk in this trade. Zero, nada zilch.


There are moments, time-spans in market that produces very low risk-reward setups for a very limited period of time.

Yesterday's intraday bounce in fact increased the odds for this. Everybody from the chat session was leanning hard.

IC said...

Sol is the chat session part of this blog, or is it special invitation.

IC said...

By the way in my opinion the great part of the trade was the exit; you did that despite your (Atilla's) belief that the market was heading straight down today, as soon as you saw contrary indicators. It is that discipline that brings my admiration.

PCP said...

"The fact of the matter is there was zero risk in this trade. Zero, nada zilch."

I agree. I thought that the better daytrade yesterday was a bounce in XLF. However, I also did what you were doing (buy puts) because I didn't trust my instinct as much. Sold calls yesterday and puts today.

Now here I am loaded up on Q calls which I think is a good trade here.