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PlanTradePlanMM
Nov 18, 2020 5:45 PM

IQ Long Long

iQIYI, Inc.NASDAQ

Description

Weekly Chart
Wedge Breakout + Retest
6th touch an up trendline

Entry 23
Stop 21.5
target: 30;

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

Option trade:
buy 2021 MAR C25 Limit 1.97;
Stop 21.5

Trade active

Buy 2021 Mar C22.5/27.5 Limit 1.57

Trade active

close C22.5, limit 0.93, this is a loser already..
Hold C25/27.5, cost 2.5;

Trade closed manually

Close all 0.53, big loss.
Comments
scheplick
Interesting. Why did it drop so much in the first place?
PlanTradePlanMM
@scheplick, Thanks. I didn't know why. I read chart after the fact. Wedge breakout is one of my trading pattern.
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