AAPL stop limit is hit
Stupid.. Stupid.. Stupid. I shouldn’t have stuck with my stop limit. I got taken out. What’s with AAPL getting downgraded today, the market being down over 160 points right now, and AAPL is up almost 2% ($1.75)? Taking a loss is like failure to me, and I don’t handle failure well.
If I had more money or ran a non-cash account I would be buying more puts on AAPL right now. I like the days of having large quantities of cash in the market, I was able to get into revenge trading.
Sold:
AAPL Apr08 $125 puts (APVPE), 1 @ $9.00
Entered 3/04 @ $9.90, exited 3/04 @ $9.00
9% loss for -$92
stock price entered $121.60
stock price exited $123.10
I’ll be looking to get back into this trade tomorrow. I still think that AAPL is weak and due for a couple dollar fall from here, which is what I would like to have just a little piece of right now.
2 Responses to “AAPL stop limit is hit”
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Saaaame here brotha… stupid stock market. I hate getting stopped out on crumbly days like today… wish I would’ve adjusted my stop to compensate for the faultering indices.
I’m pretty sure that there’s some a**hole reading my blog that hates me with the passion that I hate the geniuses of the world. That a**hole saw what I posted here and decided to make AAPL go up in price, just to make me lose money. I’m not self-centered, I just know that the world is out to get me.