PlanTradePlanMM

XOP to Long, Daily Demand Zone

Long
AMEX:XOP   SPDR S&P Oil & Gas Explor & Product
Daily demand Zone
FIB# 0.618

Entry: 47.5
Stop: 44;
Target: 70; reward:risk=6:1

I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.

This is my 101th active trade in tradingview ideas.
Overall, I created 7 scripts, 15 analysis only ideas, and 101 active trading plans;
in Closed trades: 55 win, 15 loss;
in Open trades: 11 win, 14 loss, 6 make even;
Need to improve:
Most of the loss is because buying OTM option without stop, lost timing value in side way in past two months in finance, Bio-tech, Oil sectors.
Trade active:
option trade: BuytoOpen Dev C50/62, limit 2.82;
Stop : 44;
Trade closed manually:
Close limit 2.6, Small loss
Price is higher, but lost timing value.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.