PlanTradePlanMM

IPO Short

Short
AMEX:IPO   Renaissance IPO ETF
Resistance
Short at trendline break

Short 65
Stop 68
Target 52

Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Trade active:
Buy Cot Put spread P50/60 Limit 1.5
No stop
Max RRR 5:1
Comment:
Correction :
Buy Oct Put spread P50/60 Limit 1.5
Trade closed manually:
Closed 0.95, small loss
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