Real Deal – Mar 2016 #4 (SPY – Closed Position – Turning a losing trade into a winner)

Original trade with two updates #1 & #2

Screen Shot 2016-03-04 at 10.43.29 PM

The aggressive repair method paid off and I managed to turn a losing trade into a winning trade.

  1. Position was opened @ point 1 (refer the screenshot below) with the view that SPY would drop after bearish candlesticks was formed & strong support was identified @ around 195.
  2. SPY continued to move up and the earlier view was proven wrong! Sell leg was closed to allow the Buy leg to run (aggressive repair method) at point 2.
  3. Buy leg was closed after 2 days at point #3.

Profit = $13 (($1.92-$3.84+$2.05) *100)  per contract in 16 days.

Profit % =  +4.2% ($27/$308 * 100%) in 16 days.

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Screen Shot 2016-03-04 at 10.45.05 PM

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