Short Entry 15 Stop 17 Target 12 reward:risk=1:1 with high probability
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 active
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Trade Option: Buy Jan P13 Limit 1.6 No stop in this trade.
Trade active
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Sell P10 Limit 1.4 Hold P13/10 with cost 0.2; this is a big winner.
@BitBookkeeper, Thanks. Would you provide more detailed reason? You may help me to see something that I missed. My current reason is: According to one of my scripts "Short in Bollinger Band Down trend (Weekly and Daily)", for this kind 3x ETF, short over the upper band, I got very high probability to win. Or Maybe, You agree the probability, but not agree to buy OTM Put. Appreciate any suggestion from you, I will learn carefully.
PlanTradePlanMM
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@BitBookkeeper, Sorry, I was not trying to push you take my idea. I really appreciate your comment. You made me review this plan again. To buy OTM PUT is not the best way. "buy P16/12" could get better probability.
dalkeith
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this didn't age too well
PlanTradePlanMM
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@dalkeith, Thanks. if we didn't know the result yet, assume I just posted this play today, may I know your reason.