1. The stock price should hit 91.50 (my trading criteria), and I entered the trade with 2 call options at 90.90 (first entry).
2. I entered again with my third call option at 90.71, thinking it will hit 91.50 soon.
3. It's the expiration Friday and yet, I bought into the current day expiring options.
4. Volatility was so high that Dow Jones rose more than 120 points and dropped more than 120 points (i.e. 240 points move within 2 hours) later.
I was purely speculating and I lost my own trading rules. And as an experienced trader, I was wrong to do something like this. As a result, I lost US$379 in 2 hours.
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