Identify Price action:
1. Sideways; Find: Support and Resistance
2. pre-support became resistance
3. ABC pattern
Short Entry 180
Stop 181 -- For stock, $1 stop is very easy to be triggered.
Target 175; reward:risk=5:1
Target 170; reward:risk=10:1
Use Option to play this Game.
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
1. Sideways; Find: Support and Resistance
2. pre-support became resistance
3. ABC pattern
Short Entry 180
Stop 181 -- For stock, $1 stop is very easy to be triggered.
Target 175; reward:risk=5:1
Target 170; reward:risk=10:1
Use Option to play this Game.
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Trade attivo:
Option trade: BuytoOpen Oct P177, limit 0.94; 11 days left
No Stop; Gamble with high Reward Risk Ratio.
No Stop; Gamble with high Reward Risk Ratio.
Trade attivo:
GLD price down to 177.8
Sell offset P174 Limit 0.74 -- to reduce initial risk, and deduct timing value
Current P177/174, risk 0.2 for 3.
Sell offset P174 Limit 0.74 -- to reduce initial risk, and deduct timing value
Current P177/174, risk 0.2 for 3.
Trade chiuso manualmente:
close Limit 0.3. small winner.