Trade Update: CAKE

I attempted to trade on the fact that CAKE was hanging out of the top bollinger band. Generally, stocks will pull back inside the bands. This stock did but, it didn’t back up as much as I thought it would. As mentioned in my previous post, I bought 4 May 40 puts for $1.20. My loss limit was $0.90 with an exit point of $2.25. I wasn’t able to exit the trade at my planned lost limit so, I lost a little more than I’d planned.

Here’s a look at how I did:

# Shares or Contracts Purch Price Capital Out Sell Price Capital In Comm & Fees Gain / Loss

% Gain & Loss

4 1.20 480.00 0.40 160.00 10.00 -330.00 -68.8%


My charts for this trade:

130304 HLF

Advertisements

What do you think? Let me know in the comments!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s