This year I am implementing Ride Trades, which are an extension of my Options Trades that have confirmed my trade hypothesis. This allows us to potentially earn more from a good hypothesis.
To further mitigate risk, I will first enter with 50k and once I see further confirmation I will enter again.
Despite the overall market bullishness. DISH's price is still under the Daily 100EMA and 50EMA lines (Bear).
I will exit this trade before earnings on the 24 Feb
To further mitigate risk, I will first enter with 50k and once I see further confirmation I will enter again.
Despite the overall market bullishness. DISH's price is still under the Daily 100EMA and 50EMA lines (Bear).
I will exit this trade before earnings on the 24 Feb
Trade closed manually:
Closed at +2,706.71. Looking at the hourly price movement, it doesn't look like we will continue a bearish price movement in the short term
As it was a broad market spike, I ignored it but continued to monitor it incase the market continued the bullish spike