Stock Option: VDSI SEP 20 Call
Buy Date: 2/21/2008
Sell Date:
Units: 300
Buy Price: 0.7
Commission: 26
Total Investment: 236
Final Price: 0.45
Final Value: 135
Return: -101
Total Return: -42.79661017
Another lesson here: Buy calls when the market is doing well. Again, short term options trading is not meant for long term strategies.
Speaking of which, I will be taking a break from trading for now, and rethink through my strategies. Most likely will come back in when the market outlook becomes slightly better.
Tuesday, March 4, 2008
Sell - SIGM
Made another HUGE Loss:
Stock Option: SIGM OCT 35 Call
Buy Date: 2/27/2008
Sell Date: 3/4/2008
Units: 100
Buy Price: 6.3
Commission: 26
Total Investment: 656
Final Price: 3.3
Final Value: 330
Return: -326
Total Return (%): -49.69512195
Woo! Another major loss to add to my lessons-to-be-learned. Lesson here, remember, never, ever, ever hop into a price drop right after the bad news is released. Because, things will always go down, down, down before it goes back up, up, up. REMEMBER!
Stock Option: SIGM OCT 35 Call
Buy Date: 2/27/2008
Sell Date: 3/4/2008
Units: 100
Buy Price: 6.3
Commission: 26
Total Investment: 656
Final Price: 3.3
Final Value: 330
Return: -326
Total Return (%): -49.69512195
Woo! Another major loss to add to my lessons-to-be-learned. Lesson here, remember, never, ever, ever hop into a price drop right after the bad news is released. Because, things will always go down, down, down before it goes back up, up, up. REMEMBER!
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