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 CALLS
above resistance $417
SPY PUTS
BELOW SUPPORT $416
EXPIRATION TODAY
STRIKE AT THE MONEY
RIOT CALLS
STRIKE: $42
EXR: APR-30-21
TARGET: $44
MY POTENTIAL ENTRY:
ABOVE RESISTANCE
TSLA CALLS
STRIKE: $742.5
EXR: APR-30-21
TARGET: $750
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.