BABA prepare Long
Demand Zone below sideway.
Next 220 demand is a better entry point.
Entry 258
Stop 250
Target 300;
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Next 220 demand is a better entry point.
Entry 258
Stop 250
Target 300;
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Trade active
Today, QQQ Gap up and run, use Option butter fly to entry before demand with low risk. Option trade:
buy Jan C290/320/350 Limit 3.80
NO stop in this option trade. RRR 7:1 is good to try.
Note
11/11, I bought the first butterfly in rush, I didn't wait for this demand zone.It is lost about 100 already.
Today, it is the ideal entry point.
buy Feb C280/310/340 Limit 3.55
Trade active
Sell to close the 1st butterfly Jan C290/320/350 Limit 4.45, small winner 0.85.Current hold butterfly Feb C280/310/340, with cost 2.7 now.
Trade closed manually
BABA gap down 40.Close all position, limit 0.8, loss 2.0 in this trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.