The trend is your friend on IWM

I'm looking to buy at the $154.50 level when we pull back. This is approximately the 50 day sma and ema on the daily time frame.

I have a limit order to buy April $155 calls at $5.15 per contract. The current mark is $7.10.

Note

Almost in the BUY zone!!

Trade active

Filled on April 2018 calls.

Note

Realized I had 10 calls on the order for $155 April 2018. Sold half to reduce my risk for a solid 1R gain. Going to let the other 5 ride with an adjusted stop loss.

Note

The actual entry x stop according to ThinkOrSwim is $156 x $153.75. Target is $159.40 for 2R.

Trade closed manually

Closed the trade manually due to weakness in the market for less than 1R loss. Will look for another setup this weekend to re-enter a long position.

brianweber

Buy higher and sell higher, and manage your risk to make more than you lose!!

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brianweber

Buy higher and sell higher, and manage your risk to make more than you lose!!

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