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RE: My Lions, New Stock Pick(S) Posted To TradersChoice. By Gregory Mannarino
I run a simulation of your picks using the straddle strategy. I'm still practicing this strategy before using real money. But I never know when is a good time to close one side of the trade. On Tuesday, I closed the put side of the tech stocks, added a second call position, and then sold the calls at the end of the day with a nice simulated profit. But if I were to hold on until Wednesday, I would have been crushed. Anyways, I probably need more practice.
Burn some real money there's a feeling that comes with it ! My plan is to wait tomorrow to see if it goes up or down and sell the opposite and buy more of what ever side I have and sell on close. If I make 100$ I'll be happy!