Long

KCAC $17.5/20 strangle idea

Kensington Capital was formed earlier this year as a so-called blank-check company, which is a shell that goes public and then merges with an existing business. SPACs have been a popular route to the public markets this year, with Virgin Galactic Holdings, DraftKings, and Nikola among the companies that have gone public that way in the last 12 months. Because KCAC is very risky, yet has plenty of momentum, I got a 17.50/20strangle11/20 at 2:45pm today. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Small incremental steps work. If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading 101*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets

7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
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Options360

Trading indicators:
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Options360

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