rlim

Trade #5, #6, #7 SPY

AMEX:SPY   SPDR S&P 500
30 3 0
Added short position at 188, ~191 and at 193.4

@188, I had woken up and saw that the market had gapped up but trended down the rest of the day.
I recognized there was a support close by, but didn't have any short positions. I was scared of missing out so I entered a short position. Hindsight I caught the bottom of the day :(

sold OCT             calls 51DTE 201/206 @.86

@~191, Trend is still considered down. It was reaching a trendline and showing difficulty moving up, then went back down the trendline . Entered on the /\.

sold OCT             calls 51DTE 202/207 @.95


@193.4, it reached a higher trendline , trusted above the trendline , but the next 2 candles were lower. So decided to add another short position. Also showing resistance at 194 which is a round number. Entered on the /\ in 5 minute chart.

sold OCT             calls 51 DTE             204/209 @.87

If we break above the trendline , I will start looking for bullish positions
I feel like I am too eager entering 3 positions on the same day.
Maybe I should have waited until it reached the top/open of yesterday at least. That's probably where most of the supply is waiting and where people watching daily candles are waiting
Reply
rlim rlim
snapshot
Reply
Sliced through the trendline. Now I'm worried. Strong bull action
snapshot
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out