growerik

KCAC $17.5/20 strangle idea

Long
NYSE:KCAC   Kensington Capital Acquisition Corp. II
Kensington Capital was formed earlier this year as a so-called blank-check company, which is a shell that goes public and then merges with an existing business. SPACs have been a popular route to the public markets this year, with Virgin Galactic Holdings, DraftKings , and Nikola among the companies that have gone public that way in the last 12 months. Because KCAC is very risky, yet has plenty of momentum, I got a $17.50/20strangle11/20 at 2:45pm today. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Small incremental steps work. If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading 101*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets

7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
https://www.tradingview.com/u/growerik/#...

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