Consolidation in down trend
At Weekly Support/resistance
Short 119
Stop 130
Target 86
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.
At Weekly Support/resistance
Short 119
Stop 130
Target 86
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:
Buy Put Butterfly May P65/85/105
Limit 2.77
no Stop in option
Limit 2.77
no Stop in option
Trade closed manually:
close 4.0, small winner