HD Long Long

Home Depot, Inc. (The)NYSE

Description

⋅ Dec 4, 2020 8:51 PM

In Uptrend consolidation

PlanA:
At bottom of Sideway Consolidation
Entry 263
stop 260
Target 310

PlanB:
Demand Zone below Sideway Consolidation
Entry 251
stop 245
Target 292

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

⋅ Dec 4, 2020 8:53 PM

Option trade:
Buy 2021 MAR C305/325 limit 1.45;
No stop in this trade.
Just to test PlanA with small risk.
PlanB is the ideal entry.

Trade closed manually

⋅ Jan 11, 2021 8:26 PM

Close Limit 1.31, small loss

Support and Resistance

Comments

Mr_robartson

⋅ Dec 5, 2020 2:03 PM

Good job

De-cook

⋅ Apr 15, 2021 5:08 AM

nice work

thebrewer35

⋅ Dec 4, 2020 10:40 PM

Great analysis! What is your current winning rate?

PlanTradePlanMM

⋅ Dec 4, 2020 11:05 PM

@thebrewer35, Thanks. about 75% (108:33) for closed trades in 2020. for current open positions, rate is higher, and there are many big winners in Nov. Such as, X, RIOT, TSLA, ROKU, and all Marijuana stocks;

thebrewer35

⋅ Dec 4, 2020 11:30 PM

@PlanTradePlanMM, Great job! I am currently in NVDA and MSFT. I bought before I found your charts, but am impressed with your trades. Cheers!