Two trades:
1. COST_21Jul17_170C, bought on 6/22/2017 at 0.55.
2. BWLD_18Aug17_155C, bought on 6/27/2017 at 1.05.
Both trades wiped out completely. At time of this writing, BWLD announced bad earning. The price at post marker now is around 110.
https://www.earningswhispers.com/epsdetails/bwld
Rational: downtrend, waiting for short term rebounce. No rebounce or the rebounce is minimal.
Lesson: do not trade when the 1st leg down. It is hard to know where the bottom is. Waiting for the
2nd leg or 3nd leg, and there is bottom forming, for example, higher low, divergence etc.
No comments:
Post a Comment