SPY Long and Neutral
Down 9% in 2 days, near demand Zone,
Long entry 513
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.
Sell SPY 250417 P500, Limit 11.31,
Delt= -0.37, expire in 13 days.
No stop, willing to buy SPY at 500 after 15% down from the top, for long term investment
Down 9% in 2 days, near demand Zone,
Long entry 513
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.
Sell SPY 250417 P500, Limit 11.31,
Delt= -0.37, expire in 13 days.
No stop, willing to buy SPY at 500 after 15% down from the top, for long term investment
Trade active
Sell to open SPY 250417 P500, Limit 11.31,Delt= -0.37, expire in 13 days.
Trade closed: target reached
Buy To Close SPY 250417 P500, Limit 2.74, winner Note
Sell SPY P500, hold cash 245 in margin account. profit 11.31-2.74=8.53, 8.53/245=0.035= 3.5%
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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.