How I saw a buy opportunity:
Stock price jumped off the support line I drew from 30OCT17 close price of $80.62.
Stochastic Oscillator (14,3,1) 3JAN18 had a crossover and moved above 20.
My 5SMA - 10SMA had a crossover on 3JAN18.
My play in the trading simulator game:
I was full of anticipation and bought too early.
On 2JAN18, I bought 700 shares at $81.65, one May option with a $80 strike for $3.50, and one May option with a $85 strike for $1.20.
On 3JAN18, I got worried because the stock was dropping and decided to buy more in order to dilute my overall buy price. I bought 700 shares at $81.44
So far so good. Will it climb above my lower trend line? Simon says yes...momentum is good.
Stock price jumped off the support line I drew from 30OCT17 close price of $80.62.
Stochastic Oscillator (14,3,1) 3JAN18 had a crossover and moved above 20.
My 5SMA - 10SMA had a crossover on 3JAN18.
My play in the trading simulator game:
I was full of anticipation and bought too early.
On 2JAN18, I bought 700 shares at $81.65, one May option with a $80 strike for $3.50, and one May option with a $85 strike for $1.20.
On 3JAN18, I got worried because the stock was dropping and decided to buy more in order to dilute my overall buy price. I bought 700 shares at $81.44
So far so good. Will it climb above my lower trend line? Simon says yes...momentum is good.
Note
Sold 1400 shares at $82.12 on 9JAN18.Holding on to the options.
Note
Still holding my May options.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.