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: $417
EXR: APR-30-21
TARGET: $412.5
MY POTENTIAL ENTRY:
only IF IT BREAKS BELOW
SUPPORT.
spy calls
aBOVE $419
i CONSIDER CALLS
FDX CALLS
STRIKE: $295
EXR: APR-30-21
TARGET: $1305
MY POTENTIAL ENTRY:
ABOVE RESISTANCE
$297 AREA
NWL CALLS
STRIKE: $28
EXR: MAY-14-21
TARGET: $29
MY POTENTIAL ENTRY:
ABOVE RESISTANCE
$28 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.