Weekly down trend
At daily support/resistance, 374
Short Entry 370
Stop 380
Target 340, 310
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 daily support/resistance, 374
Short Entry 370
Stop 380
Target 340, 310
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:
BuyToOpen 2023 Jul Put butterfly P260/300/340
Limit 3.85
No Stop in Option
Limit 3.85
No Stop in Option
Trade closed: target reached:
close 5.1, small winner