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April 16, 2012 Trade Update

April 16, 2012 by John Locke Leave a Comment

Hi All,

I’ve been letting the market chop the April M3 around for the last 2 weeks and hitting trade adjustments at the worst possible times.

The great thing is that this system is so forgivable that despite my best efforts to lose the trade, it is still up near profit target. Sometimes you just have to laugh at yourself.

Anyway, the poor timing continues for the April trade and I sold the calls at the bottom of the sell off this morning and picked the high of the day to buy 2 – 820 / 840 bull call spreads, maybe I should try doing the opposite of what I think for a while. The trade is currently showing  up $1000, at profit target. I’ll update with a video as soon as I get a chance.

Happy Trading!

John

 

 

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Filed Under: Options Trading for Income Weekly Update

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