Capitalized on Failed H&S, 10-20% success rate
Following up with my last aggressive trade on buying when price of GPRO gapped down and fell below the neck line
4 days ago. 1st, as you can see from my last post the channel that i've drawn isn't so clear as this one.
Still, the falling knife hit my long triggered s1 of that day which is 65.21.
Knowing that price 100% will go lower to clear up all the bulls (who felt the pain and had to cut loss), i purposely put in another long @63.33 which is S2 to average up. But the lowest it went that day was only 64.74.
Took handsome profit when market open today, sold 9 contracts of call 81, left 1 call options to ride whatever trend.
P.S. I am willing to take initially loses every single trade i initiated.
4 days ago. 1st, as you can see from my last post the channel that i've drawn isn't so clear as this one.
Still, the falling knife hit my long triggered s1 of that day which is 65.21.
Knowing that price 100% will go lower to clear up all the bulls (who felt the pain and had to cut loss), i purposely put in another long @63.33 which is S2 to average up. But the lowest it went that day was only 64.74.
Took handsome profit when market open today, sold 9 contracts of call 81, left 1 call options to ride whatever trend.
P.S. I am willing to take initially loses every single trade i initiated.
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