using SPXL to trade SPY down trend
SPY at resistance, trendlinebreak + retest
SPXL is 3x Bull SPY, if SPY down 10%, SPXL will done 30%.
Short entry 74.8
Stop 80
Target 60, 50
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.
SPXL is 3x Bull SPY, if SPY down 10%, SPXL will done 30%.
Short entry 74.8
Stop 80
Target 60, 50
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:
BuyToOpen 2023 Oct Put butterfly P35/45/60
Limit 1.8
No Stop in Option, 1.8 is the hard stop, which is the max loss.
Limit 1.8
No Stop in Option, 1.8 is the hard stop, which is the max loss.