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
SPY PUTS
STRIKE: $416
EXR: MAY-05-21
TARGET: $413.5
MY POTENTIAL ENTRY:
After break of
the SUPPORT
ARVL CALLS
STRIKE: $20
EXR: MAY-14-21
TARGET: $21.5
MY POTENTIAL ENTRY:
ABOVE RESISTANCE
$20 AREA
CHGG CALLS
STRIKE: $90
EXR: MAY-14-21
TARGET: $95
MY POTENTIAL ENTRY:
ABOVE RESISTANCE
$90.65 AREA
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.