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PlanTradePlanMM
Mar 11, 2024 2:25 PM

SOXS Long Long

AMEX:SOXS1D
Direxion Daily Semiconductor Bear 3x SharesArca

Description

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Semiconductor Bear 3X ETF,
Trendline break

Long 3.30
Stop 2.7
Target 5.5, 7.0

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.


BuyToOpen Aug Call C4 x5 contracts
Limit 0.57 x5= 2.85

Trade active

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BuyToOpen Aug Call C4 x5 contracts
Limit 0.57 x5= 2.85

Trade closed manually

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SellToClose Aug Call C4 x5 contracts
Limit 0.60 x5= 3.00 break even.

10 SOXS merged into 1. The old open options will be hard to close.
Bid/Ask is 0.52/0.69.
Market maker will take advantage in the big Bid/Ask spread.
Trend Lines
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