brianweber
Long

The trend is your friend on IWM

AMEX:IWM   ISHARES RUSSELL 2000 ETF
I'm looking to buy at the $154.50 level when we pull back. This is approximately the 50 day sma and ema on the daily time frame.

I have a limit order to buy April $155 calls at $5.15 per contract. The current mark is $7.10.
Comment: Almost in the BUY zone!!
Trade active: Filled on April 2018 calls.
Comment: Realized I had 10 calls on the order for $155 April 2018. Sold half to reduce my risk for a solid 1R gain. Going to let the other 5 ride with an adjusted stop loss.
Comment: The actual entry x stop according to ThinkOrSwim is $156 x $153.75. Target is $159.40 for 2R.
Trade closed manually: Closed the trade manually due to weakness in the market for less than 1R loss. Will look for another setup this weekend to re-enter a long position.
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