MoneyPatterns
Long

GDX - Bullish Entry

AMEX:GDX   VANECK VECTORS ETF TRUST
I AM WAITING FOR FILL ON THIS ENTRY

Chart Details
Bull Flag with bullish breakout.
RSI bullish breakout
Weekly trend just turned bullish .
Gaps to fill above. Good entry at lower gap fill around $28.70

Entry Options
Waiting for fill - 1/31 Expiration - 27/31 Put Credit Spread. Take $220 Credit. Max loss $180. Breakeven GDX at $28.80

About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website http://www.moneypatterns.com and will be updating my username here. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD , GBTC .
Trade active: Order filled at $2.19. I will keep updated on progress.
Keep in mind:
-Position size for trades should be 1-5% on any single trade.
-All options should be exited at 50% profit target, or before expiry
-Or exit at your own risk tolerance for loss (low probability here).
Each leg of this options strategy has 77% and 88% POP (probability of profit). :)

Comments

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