ConocoPhillips
Long
Updated

COP Long

227
Demand, wedge breakout + retest

Long entry 94.5
Stop 92.5
Target 106, 115

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
SellToOpen Jun Put P80 2.1 ( Delta= -0.18)
Trade closed manually
Close P80, 2.17, breakeven.

Because SPY trendline break, Closed most of my long positions today. Prepare to sell SPY put instead of longing single stock.

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