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: $415
EXR: MAY-07-21
TARGET: $410
MY POTENTIAL ENTRY:
After break of
the SUPPORT $415
SPY CALLS
STRIKE: $417
EXR: MAY-07-21
TARGET: $421
MY POTENTIAL ENTRY:
AFTER BREAK OF THE
RESISTANCE $417.5
HOME CALLS
STRIKE: $37
EXR: MAY-14-21
TARGET: $40
MY POTENTIAL ENTRY:
ABOVE RESISTANCE
PYPL CALLS
STRIKE: $260
EXR: MAY-07-21
TARGET: $265
MY POTENTIAL ENTRY:
ABOVE RESISTANCE
BGFV CALLS
STRIKE: $25
EXR: MAY-14-21
TARGET: $29
MY POTENTIAL ENTRY:
ABOVE 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.