I've been a little busy this week so I haven't been trading much, but I will update the blog tonight with my trades for this week.
AMZN(Amazon) is expected to report earnings today after the bell so I will be buying the May 80 Call at 2pm @ around 5.20 and setting a .50 Trailing stop. This will allow my stop price to move with the price of the option as it rises. I hope to be out of this trade before 3:55pm. Notice that I have protected my capital by setting a stop and also not assuming much risk by getting out of the trade before earnings are announced.
Current Balance: 641.11(because of some trades that I made earlier in the week)
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