TL;DR: Please see $SUNE 5-day chart. Notice the low of $8.25 Wednesday and close at $9.25. I wanted to see it after opening Thursday and it continued to climb from open @ $9.80 to $10.20. Sometime before it went high I bought in at $9.89. Today's (Friday's) high was $11. My stop limit sold at $10.66 after hitting the high and dipping to $10.30 as of right now. Profit = $.77 / share. What would you have done? Would you have held out for the fourth day / until you have the funds in your account again, or simply hoped for a bigger gain tomorrow? Would you exercise options? Would you have purchased the contract / shares in advance if you had traded options? If you were me, how would you have conducted this trade or invested in this company?
LONG VERSION, SAME QUESTIONS: Hi everybody. I only recently started investing but I've gotten to the point where I believe I'm past the uphill learning curve.
This question is inspired by the AMA with u/TheFadedBull from (I think) yesterday. I feel pretty good about the trade I made and profits taken, but I want to hear from the community here what you would have done. There is a lot of language being thrown around in the options realm that I'm only vaguely familiar with, and I don't know what else I don't know. If there's something better than what I'm doing, of course I want to know what that could be. So if anybody would indulge me please, I'll throw out what info I saw from Wednesday to today and what I did with it; would you tell me what you might have considered in the same situation?
Obviously, the market hasn't been so wonderful in August. I have liked $SUNE as a company with long-term potential, but this month it dropped from the highest it's been in 5 years to the lowest it's been since 2013. On a 5-day chart you can see it drop sharp after opening Wednesday, and it climbed well over 10% from that point and continued to climb in after hours.
Thursday, the open was significantly higher than the Wednesday's close. Early traffic showed that $SUNE was climbing until as late as 10:15 which is about the time I bought in. Prices climbed to almost the point where I would have accepted my minimum ROI and put in a stop limit, but they were about $.05 shy. Then they went to my purchase price, stayed level, dipped, and closed around the day's high.
Today/Friday. Pre-market goes as high as $.30 above Thursday's close, but opens at previous close. Climbs until almost noon, then falls back to about the open. As the price hit my minimum "Good enough for me" price I set a stop limit, then moved it up to $10.66 while shares were trading around $10.75. Shares went to $11 (I might have moved the stop limit again but I didn't register this move), then they fell and I sold at above my 5% expected return.
So, that's what I did. What would you have done? Could I have done significantly better, or should I be perfectly content?
Submitted August 28, 2015 at 03:34PM by CurtisdaSoldier http://ift.tt/1Jroxob
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