VIX above regular range
After SPY quick down, VIX is high, there might be sideway consolidation.
Long entry 76
no Stop ,
Target 40
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.
After SPY quick down, VIX is high, there might be sideway consolidation.
Long entry 76
no Stop ,
Target 40
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
BuyToOpen Sep Put spread P60/45, 6.5 expire in 151 days.
No stop, if VIX stays high, make another short entry.
Note
Correction:Short entry 76, not long.
Note
Add short position, VXX at 68.8Buy to Open Sep Put spread P55/40, 4.6
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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.