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PlanTradePlanMM
Jun 30, 2022 8:17 PM

SNOW Short Short

Snowflake Inc.NYSE

Description

Bounce back to supply Zone, Zone Confirmation
Trendline break

Earning: 8/24/2022 Est. -0.01

Short 139
Stop 157
Target 100, 80

Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.

Trade active

Buy Put Butterfly Nov P80/100/120
Limit 2.45

no Stop in this option

Trade closed manually

Nov Option is near expired.
Surprise, Down $20 today, current price 131,
Close this option position 2.8.
Comments
TORNADOF5
hey , when you think could be long MOS stock it has good potencial i think
thanks :}
PlanTradePlanMM
@TORNADOF5, Maybe, MOS near 37 will find support. For me, If Market is in down trend, I would only try to short after consolidation. Give up long entry at small bounce.
TORNADOF5
@PlanTradePlanMM, yes a agree thank you
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