SPY Intraday Long when 15min demand zone had been confirmed
Buy Apr Call 241/251 Limit 5.25
Entry above: 240
stop: 236
Target1: 254
Target2: 268
In such kind quick and big move, how to join the trend with low risk? Here is an ideal plan:
Condition:
1. SPY must go into a demand zone, Gap into is the best, and go up above It quickly
2. this is an intraday trade, must close/cover today.
This is a trading school homework. I make no promises or guarantees of earning.
I need next 6 months to practice my trading plan, and learn from my teachers continually.
If you like it, thank you for your support. Please use SIM account to try it, until my trading plans get high winning rate.
Sum of my ideas: 1 winner, 0 loser, 2 active, 7 cancelled, 0 pending for condition, 1 analysis only.
Entry above: 240
stop: 236
Target1: 254
Target2: 268
In such kind quick and big move, how to join the trend with low risk? Here is an ideal plan:
Condition:
1. SPY must go into a demand zone, Gap into is the best, and go up above It quickly
2. this is an intraday trade, must close/cover today.
This is a trading school homework. I make no promises or guarantees of earning.
I need next 6 months to practice my trading plan, and learn from my teachers continually.
If you like it, thank you for your support. Please use SIM account to try it, until my trading plans get high winning rate.
Sum of my ideas: 1 winner, 0 loser, 2 active, 7 cancelled, 0 pending for condition, 1 analysis only.
Trade active:
6:52 Am PST BuytoOpen Apr Call 241/251 Limit 5.25, order Filled.
I changed limit order from 5 to 5.25, when zone confirmed.
In option trade, better do not use market order. bid/ask too wide.
I changed limit order from 5 to 5.25, when zone confirmed.
In option trade, better do not use market order. bid/ask too wide.
Trade closed manually:
BuyToClose Limit 4.6,
Manually Stopped when price under 236.
This trade is a loser.
Manually Stopped when price under 236.
This trade is a loser.