AMEX:XOP   SPDR S&P Oil & Gas Explor & Product
Weekly uptrend, Counter trend trade
Daily, Trendline break

Short 150
Stop 171
Target 125, 100

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:
Buy Put Butterfly Dec P75/100/125
Limit 3.00

no Stop in this option
Trade closed: target reached:
close 5.7, Winner
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