I have a long history with these guys and i've managed to be profitable in 2 of my last 3 trades with these guys.
BUT SHEESH. Did I leave a ton on the table. I have 2 ideas on how to fix this.
1. use better stops (difficult) but a good idea OR
2. Keep doing what i'm doing, but if I want to get back in @ resistance.....set a damn stock and short it again. Not sell the position and ignore it. ESPECIALLY if I have a gain on it. In fact....I'm contemplating and all or nothing approach to options where if my target doesn't get hit....then the stops @ even and that's it. Let the fucker run to the moon or lose 0. With that I need a set 30-50% stop on (with varied trailing strategies I guess. Either way I need to do a better job of letting these POS's run AND getting back in after I've bagged a few $$$ off of them IF i did in fact decide to get out. I've got 3 pages written for my strat and need to do about 2 more until im done. Maybe tomorrow. Overall i've seriously got my jive back though.
http://straittrades.blogspot.com/2009/02/closed-mess-of-puts.html
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