Yesterday noted in my journal (still handwritten -apparently by a 12yr old) trade to watch -June combo 4700call 4000put
Looked at it this morning and have to say didn't contemplate placing the trade as I am out wed and fri on civic duties.I also have some long puts.
The trade could have been placed for a small credit- maybe 5, but you could have closed out for at least 40.
That equates to £450 per lot, and I'll be honest here- I don't think I'd ever do just 1 lot.
I reckon there could be two of these trades every week, as I've said before- and last week missed out on a monster on Thursday.
So far this week then there was a smallish one to be had on monday as well, but being expiry week I just wasn't looking.
This reminds me of a friend suggesting many years ago that as traders we should have a clipboard(which he has) and we have a 'pilot's checklist' like a pilot does before takeoff.
Now pilots aren't idiots-but they are human and we forget stuff, so perhaps part of my joining the adult world and getting business like would make such a checklist a vital tool.
I hope this blog is enlightening some, amusing others and provoking everyone to think about what trading is.
In time I may just find out for myself.
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