My best day of trading so far
Today was my best day of trading in my four month trading career. It was a welcome change from the four previous days, which were really trying my patience and emotional fortitude.
Today I closed out a trade for a 1000% gain. Those of you who have traded options know that is not really as big a deal as it sounds, but it’s still fun to say. There’s a lot more to it than just a big return on a single trade and this by no means makes me a great or accomplished trader, but I did learn an important lesson.
I learned that it is possible to hit the homerun, and when you do, it plays a very important role in the trading process. It compensates for a lot of small losses and gives you momentum.
This big trade adds to the additional satisfaction I felt today when my patience was rewarded and many of the trades which had been lagging made some moves in the right direction. Earlier in my long career, I would have exited most of those trades before they had a chance to prove themselves. Patience was rewarded today.
Alas, I am celebrating today’s successes for now, but will soon return to preparations for tomorrow. After all, each day is an unknown.
Oh, and one more thing. My 1000% gain was from an option on Chipotle. Even sweeter when my favorite limited service restaurant goes the extra mile to deliver a winning trade!
June 4th, 2007 at 3:51 pm
you owe me money, i eat at chipotle approximatley 8 times a week. so much so, that just this last Sunday the GM offered our ENTIRE campus a free burrito if they would just bring their bulletin in on Sunday. we turned it into a pay it forward thing by buying a stranger’s meal and handing them a lifechurch.tv card and eating free ourselves.
so, i’ve boosted their stock for you
June 4th, 2007 at 4:47 pm
ha! next time i see you i will definitely buy you a burrito. of course, if we’re in OKC we’ll have to drive to dallas. although, i have heard talk of a Chipotle in edmond by early 2008. please, let it be so!