Testing trading my screener 10day cross 20day SMA

Jul 21, 2020

Going to do a trial trading with a small balance and following specific rules:

Rules:
1. No earnings plays
2. No increasing/averaging down, use a stop loss of 20-30%
3. Charting based on triangles/wedges and SMAs
4. At the money/near the money (except larger cap/further out (AMZN/TSLA/CMG), so far played these well)
5. Risk/reward 3/1 or greater
6. Buy at least 2 weeks out
7. After the first week, get out and reassess if it still hits all these criteria

Started with a BA call option yesterday $250 to $480.

ARMK $24 call, 8/21, 3 buys at $145 (should have waited to end of day). Came up on my screener, will sell before end of week if there is not move.

For my next trade I'll add a target $ and stop loss $.

For now, going to journal a list of trades for fun.

GLTA!

Jul 22, 2020

Note

Alright, it has started to move but I didn't like the actual potential upside on a real move. I am going to keep this going with another 10/20 day crossover. Closed out at the same price. Going to use the same rules, increase to closer to 45 days out for now based on notes below.