MO Long, down trend line break and demand zone confirmed
Condition:
#1 Demand zone confirmed with false breakout
#2 Down trend line break by Breakaway Gap
Earning Date: 7/30/2020. It will not affect this trading plan.
Stock Entry: 36.5
Stop: 35
Target1: 42; risk/reward=1:3
Target2: 45; risk/reward=1:5
This is a trading school homework. 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.
#1 Demand zone confirmed with false breakout
#2 Down trend line break by Breakaway Gap
Earning Date: 7/30/2020. It will not affect this trading plan.
Stock Entry: 36.5
Stop: 35
Target1: 42; risk/reward=1:3
Target2: 45; risk/reward=1:5
This is a trading school homework. 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:
In option trade, buy Sep 40 Call Limit 1.45 (Delta 0.35);
Sell JUl P32.5 (Delta -0.28) Limit 1.97;
Total simulate long 63 shares with credit 0.52
Option Stop below 34.
Sell JUl P32.5 (Delta -0.28) Limit 1.97;
Total simulate long 63 shares with credit 0.52
Option Stop below 34.
Comment:
Correction: Sell Sep 32.5 Put, not Jul P32.5
Trade active:
BuyToClose Sep 32.5 Put, limit 1.47, win 0.5
Trade active:
SellToOpen Sep C45 limit 0.41
Overall, hold Sep C40/45 with cost 0.54 (1.45-0.5-0.41);
This is a winner.
In my current training, only focus on the win% of entry.
Adding to winner will be my next goal.
Overall, hold Sep C40/45 with cost 0.54 (1.45-0.5-0.41);
This is a winner.
In my current training, only focus on the win% of entry.
Adding to winner will be my next goal.
Trade closed manually:
Closed Limit 3.55. This is a winner.