PREMARKET SUMMARY
5/20/2021
$spce calls
STRIKE: $21
EXR: MAY-21-21
TARGET: $22.5
MY POTENTIAL ENTRY:
FIRST PULLBACK AND IF IT
CAN HOLD ABOVE $20 SUPPORT
STOP LOSS 30%
TGT CALLS
STRIKE: $220
EXR: MAY-21-21
TARGET: $225
MY POTENTIAL ENTRY:
AFTER BREAK OF THE $220.5
RESISTANCE ZONE AND able
to hold the gains
STOP LOSS 30%
SPY CALLS
ABOVE $411
SPY PUTS
BELOW $405
STRIKE: AT THE MONEY
EXR: MAY-21-21
STOP LOSS 30%
YOU DON'T NEED A HIGH WIN RATE
OR BIG ACCOUNT TO BE PROFITABLE
SMALL POSITION
+
STOP LOSS IS KEY
CUT LOSSES QUICKLY
LET WINNERS RUN
THAT'S THE POWER OF OPTIONS
EXAMPLE Q1 PROFITS
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.