PlanTradePlanMM

XOP to Long, Daily Demand Zone

Long
AMEX:XOP   SPDR SERIES TRUST
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.

Comments

this looks like a good trade to me. i also bought 55c jan 21. Lets see.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out