I'm a stock options trader in Singapore. I'm involved mainly in US equity and ETF option trading. I used to trade Earnings Gapping for a while, 4 years to be exact, but has since stopped using it because it's highly unpredictable; more like gambling. I've later attended a 4-months stock option trading course taught by Mr Michael Woo, where he covered most of the foundations in trading. I've also learned about e-mini trading from him. Currently I'm doing swing trading of US stocks using options.
Dear fellow trades :
Longed the ES based on the indicator's signal. The position went against me and in order to cut down the loss incurred, I reversed the trade to a short position when the indicators have also started to point downwards. Damage of the day -$187.50 paper loss (3.75 points). 
Regards,
Tony Chai
Posted by
Tony Chai
at
8:15 PM
1 comments:
too be honest, i have never had the guts to reverse my trades. I usually prefer to cut loss my trades.
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