Probability of Profit: 66% Profit Target relative to my Buying Power: 21% Max profit: 88$ Max loss at expiry: 412$ (Buy Power) Max loss with my risk management: ~95$ Tasty IVR: 4.8 Expiry: 36 days
Stop/my risk management: Closing immediately if daily candle is closing below $379
Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 4.56 credit)
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Trade closed: target reached
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Trade closed at target profit in 2 weeks. 10% profit on my capital.
@gunit20130605, why? With closing immediately if daily candle is closing below $379 - I'm risking max of the profit. (in this case ~80$)
PJSantorin
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66% probability of profit doesnt exist in the stock market, its always 50/50
TanukiTrade
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@PJSantorin that's why I'm trading with options: there is exists even 80% PoP trades too. I'm recommending to learn option strategies before commenting about option trade ideas. 😅🤡 cheers
PJSantorin
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@mrAnonymCrypto, been looking for a way to trade options but etoro doesnt allow it o.o
TanukiTrade
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@PJSantorin, etoro is not good anyway.
Use TastyWorks to do that things.
On their youtube channel there is "Tasty Mike and his whiteboard" series. Start with that for edu. (~150 videos)
samitrading
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Like your set ups keep them coming bud.
wish you the best.
TanukiTrade
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@samitrading, Thank you :) Feel free to follow me on tradingview for any option trade analysis in the future, make any discussion, etc. ❤️