Here is the week's trading in review. There were gains,losses and more purchases. The major lesson learned this week is that it is not wise to choose tops or bottoms and to wait for confirmation.
Profits taken:
An August QQQ $74 Call was sold as the profit stop price was hit. The trade ended Code Green
A GLD August 2nd $121.00 Put was bought and sold as the loss stop price was hit. The trade ended Code Red.
An August JPM $55 Call was purchased.
An August USO $38 Put was purchased.
Two August SBUX $72.50 Calls were purchased.
**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **
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