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IWM

Fubo reversal?$FUBO looks like its starting to bottom out at the $20 psychological level. Grabbed a $20 call with time. Not a bad place to grab some shares either if your bullish IMO - Strong bullish hammer candle on daily indicating buyers are present at this weekly support. -Fubo got smacked from $35 before earnings to $20, great risk to reward play. Swing targets: 21.3, 21.8, 22.55, 23 Stop is a close below $20 I will most likely add to my position again if we retest and hold $20 tomorrow.
NYSE:FUBOLong
by LegitElijaah
1
that's what SL is for.recently russel broke the ceiling that was holding it for almost a year. now it would be interesting entering a long during the retest. placing the SL just bellow last low made the 27th of october. not because it's a safe trade but becasuse of the RR involved, since that the range has been broken, this leaves us with a proyection to the up side equivalent to the range it selve, wich is also the 1.6fib proyection of the recent impulse after the lst corrective phase. currently the price is sitting on the 50% retracement of the move done until now. on daily there are clear signs of a correction in act, volume is not as high as during the ceiling break and tho it made almost the sale movement. on 4htf stochastic is starting to cross to the upside, i find stochastic the best indicator to trade russel's mid high tf, since it's a "range indicator", and in a range is where rus has been for almost a year. on the 1H ft, there are divergences on stoch and rsi. this doesn't mean that the divergence can't follow forming. in the end, it's a nice RR trade of 4:1, in'm already booked in at the 50%fib, and if goes to 38% i will think about adding contracts, using the same sl. take in count that trading is not about having a 80% hit rate, that's impossible, and if some one says he does...well he was probably long during 2020/21. i mean, it doesn't surprise me that people will have had great RR these 2 years, but that shouldn't be taken as reference. the normal hit rate should be around 50% and risk managing like if your life depended on it makes your account grow steadily and constantly. use the power of a steady compound growth rather than a yolo and use SL, que pa' eso estàn Ramon
AMEX:IWMLong
by warrenbuffettdemicasa
3
Rolled: IWM December 23rd 258 Short Call* to 246... for an .82 credit. Comments: Rolled the short call aspect of my December 23rd short strangle to cut net delta in half. I originally opened this for 3.42 (See Post below) with a take profit target at 1.71, so am revising my take profit to 1.71 plus the credit received for the roll of .82 or 2.53. The net delta of this short strangle (short put + short call) still leans long. * -- Shown here at the 250 strike in order to fit it on the chart without squeezing.
AMEX:IWM
by NaughtyPines