PlanTradePlanMM

LI to Long, Hourly Demand

Long
NASDAQ:LI   LI AUTO INC
New IPO , not enough daily data
Hourly Demand
Hourly EMA144

Entry 17
Stop : 15
Target: 23; risk/reward=1:3

I am not a PRO trader. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Trade active: option trade: BuytoOpen Dec C15/25, limit 2.45;
No stop in this trade with following reasons:
1. Option Bid/Ask is too wide, It is hard to be filled at good price.
2. I bought in the money(ITM) option, 3 months. It is good to stay in side way consolidation.
3. Overall, QQQ is in strong uptrend. After correction, hi-tech companies have chance to make new high.
4: Risk:Reward = 1:3. OK to try my luck.
Trade closed: target reached: Update position with Sell C15, Buy C20 limit 2.63
Current: hold C20/25, and removed the initial risk.

Comments

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