Downtrend consolidation
Next Earning 8/3/2022 Estimate 0.17
Short 82
Stop 90
Target 55 (weekly support line)
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.
Buy Put Butterfly Nov P45/60/75
Limit 1.9
no Stop in option
Next Earning 8/3/2022 Estimate 0.17
Short 82
Stop 90
Target 55 (weekly support line)
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.
Buy Put Butterfly Nov P45/60/75
Limit 1.9
no Stop in option
Trade active:
Buy Put Butterfly Nov P45/60/75
Limit 1.9
no Stop in option
Limit 1.9
no Stop in option
Trade closed: target reached:
Close 2.72, winner.