Finally closed out BDK and KO - the last two of my first four long trades.
So as a recap - I bought a 100 shares each of these stocks. With my initial "rookie" analysis, I expected KO to continue on a bullish trend, increasing my stock value. BDK had just come off a big sell off, and what appeared to me as a gap down, so I was expecting a rebound in the stock price... yeah, that didn't happen.
After a few days of sitting with this long stock, I decided to sell a call on each so that I would at least be making some money in time decay.
In closing BDK, I lost $320 on a CB of $6865 for a 5% loss, and for KO I lost $62 on a CB of $6487 for a loss of less than 1%.
So I spent $382 on an education in long stocks, calls and how not to read charts :)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment