Sold 20 contracts of QQQQ JAN 48 Call

By Mark on January 11, 2008 12:22 PM | 0 Comments
I was stopped out of my Jan 48 calls. I had a mental stop at $0.50 but ended up with a fill at $0.48. This represented a loss of $200 or 17%.

I'm done for the day, the trading today is just too sidways with no defined trend for day trading. So I'm taking the rest of the trading day off.

As I type this the Q's have accelerated to the downside and they broke the low of the day, the contracts I just sold are now at $0.44.  See, that is why I need to follow my stops.

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