Still need to complete wave 5 down
Entered short at .38% retrace of wave 3
Possible that we completed 5 waves up so trend could have changed - risk should be small
Will look for price action around 2652 or 618 retrace of possible wave 1 up
Purchased put option spread 2690-2730 for $200
Max profit is $760
Entered short at .38% retrace of wave 3
Possible that we completed 5 waves up so trend could have changed - risk should be small
Will look for price action around 2652 or 618 retrace of possible wave 1 up
Purchased put option spread 2690-2730 for $200
Max profit is $760
Trade closed manually
Should have taken profit when this hit 2600 or .38% retracement - but kept hoping for it to drop another $10..ended up keeping it till the daily option expired at 2622. Ended up losing $80 on the trade instead of making $600. Greed doesn't pay with daily spreads.
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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.