Current demand Zone confirmed, sell put below next demand zoon
Long entry 506
no Stop ,
Target 530
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Long entry 506
no Stop ,
Target 530
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Trade active
Sell SPY 250516 P450, Limit 9.13, Delt= -0.20, expire in 38 days.
No stop, willing to buy SPY at 450, for long term investment.
Note
Sell SPY P450, hold cash 22,000 in Margin account.if price above 450, estimate 4% interest in 38 days.
Trade closed: target reached
Buy To Close SPY 250516 P450, Market 2.5, win 6.58.
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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.