Average down worked again

in LeoFinance3 years ago

Today was a decent down day in the market, and IWM was what I am in. I was down at one point 1500 dollars in the trade, but as the market went against me. I bought more, and more. I thought this trade could take a bit to play out so I bought puts with a long expiration time.

I ended up with 8 total, varying strikes, and have had a wild ride the last few days. With my account swinging up 700 to down 500, but I held strong. Today I was rewarded, and ended up getting a 1321 day, and got most of the money back. I sold some along the way. I still have some and could get a nice profit if there is a couple of dollar sell off in the morning.

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