Leaning curve - again
Knowing your s/w platform is critical. I made a mistake today.
First time I had used SinkorSwim, TDAmeritade's advanced s/w to place an option versus just closing one out. Previously I always used the basic TDA website to place an option and SorSwim to close out. I wanted to learn he advanced platform as it has better features for options.
So there I was - all ready with the right BA call option chain, looking at the minute chart, and clicked the 'buy' button. Happy I went out to walk the dog. Returning back, checked my positions - but no option trade showed in my Positions.
Here's where I messed up. SorSwim defaults to Limit orders both in and out. Ah-hah moment dawning on my brain!
With a rising stock price in the BA call today going up my limit order failed to get filled. So I'm learning that using market at end of day or at least if using limit then I'll make sure its at the Bid price AND double check the option gets bought! Before taking the dog out!.
There's always tomorrow. Every day I gain experience. This Burner is ready for tomorrow's Burn!
What ah-hah moments have you had?
-
Have you used Webull at all?
0
Please sign in to leave a comment.
Comments
1 comment