PREMARKET SUMMARY
5/19/2021
spy PUTS SWING TRADE
ESTIMATED DURATION 2 DAYS
STRIKE:405
EXR: MAY-21-21
TARGET: $390
MY POTENTIAL ENTRY:
BOUNCE TO $412 RESISTANCE
OR BREAK OF $405 SUPPORT
STOP LOSS 30%
AT THE MARKET OPEN i WILL WATCH IF
$SPY FLUSHES STRAIGHT DOWN OR IF IT
DOES ANOTHER BOUNCE TO $412
RESISTANCE WITH THE REAL FLUSH
TO THE DOWNSIDE BY END OF
DAY INTO TOMORROW'S
BIG GAP DOWN
HIGH SPECULATION HEDGE
FOR POTENTIAL CRASH
$SH $SPXU $UVXY $faz
TGT PUTS
STRIKE: $215
EXR: MAY-21-21
TARGET: $210 - $205 AREA
MY POTENTIAL ENTRY:
BOUNCE TO THE $215
RESISTANCE ZONE
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.