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BABA Puts

Wrote down the trade plan and had decent execution. You made a stupid mistake of setting a stop order to buy at the open and you got filled at a terrible price. Lesson learned not to put in stop orders, especially before the bell rings as the broker will fuck you. You should have taken what you wanted to risk, divided byt he price willing to pay to see how many contracts you want to buy. And have your trigger ready for when prices reach there. On the exit, you lost a little patience as there was a bounce before prices hit your ultimate target of 230.2 (which they later did). Getitng filled at a terribel price had something to do with this as you were afraid of losing your profits so it's a little understandable. Once again why great trade location is the best form of risk management.

Try to get better at looking at 2 stocks at once since BA offered a better return today. Also, take into account likelihood of maximum returns. This would have steered you towards BA which would have netted you big gains.

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