I closed my positions in DDM and DDMEZ today. I bought back my DDMEZ options for $1.55 and had previously sold them for $1.90. I sold DDM at $79.12 where I had purchased at $77. Overall I made 3% with the transaction which meets my profit goals. I normally let my options expire or get exercised but I’m expecting DDM to possibly dip low tomorrow/next week and I’ll pick it up again in my Mini-Account when it does…..
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Is your 3% profit goal a global goal for every trade or do you set a goal for each individual trade?
The 3% return is the goal (ideally) for each trade and I only typically trade once a month. If I reach my goals, I’ll hit 35% per year.
Unfortunately, there are some months where there is “slippage” and I encounter a “dry well” and have been averaging only about 20% per year.