THE ESTIMATED TARGET DOESN'T
MEAN THAT THE STOCk or etf
WILL GO to the target.
THIS IS MY PREMARKET PLAN
WITH POTENTIAL TARGETS AND
ESTIMATES so you can see
how I prepare for
the market open.
ONLY THE PRICE ACTION AT THE
MARKET OPEN MATTERS.
PREMARKET PLAN
PRTY CALLS
STRIKE: $9
EXR: MAY-21-21
TARGET: $10
MY POTENTIAL ENTRY:
IF IT CAN HOLD
ABOVE SUPPORT
AMC CALLS
STRIKE: $10
EXR: MAY-14-21
TARGET: $10.5
MY POTENTIAL ENTRY:
AFTER BREAK OF
RESISTANCE
SPY CALLS
STRIKE: $423
EXR: MAY-10-21
TARGET: $424
MY POTENTIAL ENTRY:
AFTER BREAK OF
RESISTANCE
Stop Loss: My max loss
tolerance of any trade is 30%
I TRADE ALWAYS SMALL POSITIONS
SMALL POSITION + STOP LOSS IS KEY
Beginner guide:
No experience and or can't
tolerate any losses:
Only paper trading
Some experience and can
tolerate small losses:
Only 1 contract
(max $300)
Stocks can suddenly crash down
or burst to the upside.
I may change my own plan
at any given moment.