David
David Patrick has traded bond futures,spreads,equities and options for over 20 years. He graduated from The Ohio State University with a degree in Finance, in 1995. He started his business career as a Trust Tax Accountant for National City Bank. He became an Investment Advisor at Olde Discount Stockbrokers in 1998. Five years later he became a top trader for Elite Trading LLC. At this hedge fund, David led a team of traders specializing in bond future spreads to an impeccable track record. In 2008 he branched out on his own and became a very successful Independent Trader. On January 25th, 2013 he successfully launched Fitzstock Charts Premium Service. This elite trading service has helped traders around the world learn his proprietary trading methodology.
Thanks for positing. I am long via options
I am not real experienced in options, what is good timeframe here?
would go out to March (maybe the 12s or 13s). Took the stock this time, but those are the options I would have looked at, with the low priced stock and low volatility.
David
I appreciate the reply, thanks
Small question: are you usually this aggressive moving stops up on swing longs? (stop moved from $12.93 to $13.30 when it hit $13.46)
Just curious if in your experience it’s best to move to break-even as soon as possible rather than ‘letting it breathe’. For swing trades, only.
Yeah, Sometimes I will be more aggressive and lower my stop to low of the day, especially if i have taken 3/4 off. Obviously the ideal situation is to leave a runner with no risk(so you have a winning trade)….GL
Would you recommend initiating the June 14 calls and bet with the institutions?
I have no problem with that……There is more than one way to trade it. GL