Woulda Shoulda Coulda

By Brett Goldstein on Nov 08, 2007

Woulda Shoulda Coulda…Just my life story

The other day I bought 10 NOV 390 puts on BIDU. The very next morning it gapped up $15 to an all time high. I was sick so I bought 5 more puts. So now I would make $1500 ever point that BIDU goes under 390. This morning BIDU started to move up again and I got nervous. I sold all of my puts when the stock was at 395 only to watch it go down below 350. I woulda , shoulda and coulda made $50,000 today off that trade.

WOULDA SHOULDA COULDA….Im just sick.

This entry was posted on Thursday, November 8th, 2007 at 4:58 pm and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.

9 Responses to “Woulda Shoulda Coulda”

By Pinal on November 8th, 2007 at 6:31 pm

Your math is off bro. Those contracts don’t move like that, 1 per 1 that is. The best they had today was a .75 to 1 movement. Still, that is a bummer to leave that kind of money on the table. You should’ve known about the red day today though. Just read the news; It was horrible everywhere. News always trumps technicals. Always.

By happyhappy on November 8th, 2007 at 6:53 pm

almost only counts in horseshoes and hand grenades

By Thomas on November 9th, 2007 at 10:39 am

Brett, what indicators did you use to decide to buy PUTS for BIDU? What level where they at?

Thanks!

By Good Try on November 9th, 2007 at 10:51 am

Brett,

You didn’t lose man… Your trade was right on, but your emotions got the best of you!

Now, hopefully you learn from this experience and next time, you use a stop loss, instead of getting all emotional…

Remember, charts don’t lie, greed and fear usually gets the best of a trader!

Good Luck

By Doug on November 9th, 2007 at 12:11 pm

Brett,
Each day the market has been selling off huge in the morning and then either rallying back or trying to erase most of its losses. What do you make of this? Do you think we could be heading for more downside? 2-5% more? Thanks.

–Doug
http://www.tomorrowsnewspaper.blogspot.com

By Johns Wu on November 10th, 2007 at 6:01 pm

ouch!! im feeling the same way with GOOG. i had a mental trigger to load up on calls during the breakout above 600, but i never go around to it. should have though!! could have made 1000% returns in a 2 week period!

By Helen Boggs on December 19th, 2007 at 4:38 pm

Oh my oh my. We’ve all had horrible days like that. 2 years ago, Sandisk was newly emerging, and the stock kept climbing, and I cashed out. Now they’re worth 25 times what I sold them for. Sad, sad, sad. Anyways…After that experince, I got wizetrade. And every since then, I’ve been making nearly perfect trades.

By Robert Parris on December 26th, 2007 at 4:19 pm

I guess we all have those stories. WIzetrade keeps me from making mistakes so often.

By Patricia Christiansen on January 10th, 2008 at 3:27 pm

Yeah, you definately shoulda.