PREMARKET SUMMARY
6/08/2021
$SFIX CALLS
STRIKE: $68
EXR: JUN-11-21
TARGET: $73
MY POTENTIAL ENTRY:
AFTER IT BREAKS THE $67.5
RESISTANCE AREA AND
CAN HOLD ABOVE IT
STOP LOSS 30%
$ASO CALLS
STRIKE: $40
EXR: JUN-18-21
TARGET: $43
MY POTENTIAL ENTRY:
AFTER IT BREAKS THE $41
RESISTANCE AREA AND
CAN HOLD ABOVE IT
STOP LOSS 30%
$SPY CALLS
STRIKE: $423
EXR: JUN-09-21
TARGET: $425
MY POTENTIAL ENTRY:
ANY PULLBACK TO $422.5 AREA
AND IS ABLE TO HOLD ABOVE IT
STOP LOSS 30%
$SPY PUTS SWING TRADE 3 DAYS
STRIKE: $422.5
EXR: JUN-11-21
FIRST TARGET: $415
MY POTENTIAL ENTRY:
AT THE $425.5 RESISTANCE
IT MAY STAYS THERE GLUED
FOR 1-2 DAYS THAT'S WHY NEED TO
GIVE THE TRADE MORE TIME
i WON'T ADD PUTS AT THE FIRST
TOUCH OF RESISTANCE USUALLY
IT STAYS A BIT LONGER THERE WITH
SEVERAL RETEST BEFORE
FINALLY PULLING BACK
WAITING LONGER TO ENTER IS KEY
TO AVOID TIME DECAY WITH OPTIONS
PATIENCE KEY
MY PLAN IS TO HOLD TILL FRIDAY
BUT DEPENDS HOW SITUATION DEVELOPS
STOP LOSS 30% AND ABOVE $426
SMALL POSITION
+
STOP LOSS IS KEY
CUT LOSSES QUICKLY
LET WINNERS RUN
THAT'S THE POWER OF OPTIONS
LEARN FROM MY EXPERIENCE
after thousands of trades
MOST MONEY I MADE WITHIN
THE FIRST 30 MINUTES
90% of my losses happened
after trading longer
than 30 minutes
STAY GREEN
SECURE PROFITS
STOP TRADING
STOP LOSS: MY MAX LOSS
TOLERANCE OF ANY TRADE IS 30%
THE ESTIMATED TARGET DOESN'T
MEAN THAT THE STOCK OR ETF
WILL GO TO THE TARGET.
ONLY THE PRICE ACTION AT THE
MARKET OPEN MATTERS
TRADE ON YOUR OWN
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.