Yes, I was stopped out of my previous AAPL short (bought put option) with a loss; but I’ve been patiently waiting for the next sell signal to come in. Today, I have it.
Below is the daily AAPL chart. Notice that the BW’s bearish divergent bar was formed yesterday; and today, price action took out yesterday low which is a signal for me to sell. Also, there is also a possible development of an evening star candlestick pattern which is bearish.
Below is the 15m AAPL chart. Notice the solid down trend in the last 2 days.
Now, AAPL may recover from here. So don’t listen to me since I’ve been wrong often. But I bought some AAPL put to try my luck.
Don’t forget to trade with discipline and follow the price action.
Good Hunting!
If you enjoy the content at iBankCoin, please follow us on Twitter
Close my put options to cut losses.due to price action taking out the half-hour opening range.
Bought the AAPL Sep 675 Put option this morning. Did I pick the top? Who know. I’ve attempted a few times shorting AAPL with multiple small losses but today I finally got traction. My stop is at breakeven so let’s see how far I can ride this down (or not).
Out of all my put option to protect my gain from yesterday. This morning gain evaporated when price took a quick turnaround.
re-short AAPL. Bought back my put option.
OUch! Covered my short since it took out intra-day high.