Write sometning about your psyhology thinking before trade? Today I am better and can trade with optimism I use to have
Describe the trade. What you see? from the support at 40,5 price will advance to the at least 44 or even more
What have I done well for this trade? regcognize the support level
What can I take away to help with later trades? this was a...
Shorting Bam, broke down through channel, lower high and lower low, double bottom break.
it is trending with the spy but its more bearish. Put at $40 strike, $2.4 stop at $1.2, Delta - 0.76. EXP Jan 18.
Break even is $37.60
Target is $3.6 to profit $120. New strategy to take profit early instead of trend follow. High probability trade. Low Risk.