By Gavin M.
Greece schmeash. I am doing my best to not trade any Greece-sensitive asset class as I am getting too fed up with what is going on over there. I think this trade was one of my fastest this year. Took the short buying the 127 Puts and it popped 12-15 cents within 10 seconds. I then took profits. When it returned to my entry spot, I entered again and just kept doing this for two more times completing a 35 cent profit target.
It's not every day that a trader gets to make money quickly but when you do, take advantage of it. Why on earth would you want to sit in front of your computer for the next six hours when you can go out there and fish or golf?
The box above shows the only action I did on AAPL today. I am sure you are looking at the entire chart and thinking to yourself, "Why didn't he just leave a short for the entire day?" The answer to that is I don't want to. Would you want to torture yourself monitoring your short? What if Carl Icahn decides to sabotage your short once again?
Stick to your limits and your strategy. Never let greed overrule your strategies.
Good luck for tomorrow!
Traders from Equity Sense will be writing on this blog on positions and other market-related things.