Downtrend consolidation Next Earning 8/3/2022 Estimate 0.17
Short 82 Stop 90 Target 55 (weekly support line)
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.
Buy Put Butterfly Nov P45/60/75 Limit 1.9 no Stop in option
Operación activa
⋅
Buy Put Butterfly Nov P45/60/75 Limit 1.9 no Stop in option
You had all this time to short it, but decide to short it now?
PlanTradePlanMM
⋅
@tpk940520, Thanks. Good question. In the past, I always bought at this kind support level in downtrend. You may see my posted trading plans, hundred times, I tried to pick the bottom in downtrend, and lost. Sample trades: PTON From 160 to 50, 11/8/2021 long at 51, today is 14.5. One of my teacher told us that "If you consistently loss in one pattern, Try to switch Buy/Sell button in your head."