PREMARKET SUMMARY
7/8/2021
$spy CALLS above $430
STRIKE: $430
EXR: JUL-09-21
TARGET: $432.5
$SPY puts below $427.5
STRIKE: $427
EXR: JUL-09-21
TARGET: $425
STOP LOSS 30%
$SPY swing trade puts
only if any breaking news hits
and $SPY crashes below $420
$tza CALLS
STRIKE: $32.5
EXR: JUL-09-21
TARGET: $33.5
MY POTENTIAL ENTRY:
if it can hold above
$32.4 support
STOP LOSS 30%
Volatility and bearish
etf's on the rise
uvxy faz spxu tza sh
(I prefer some shares not options)
I will dollar cost average into a few of those
for the looming market collapse which can
still take a few more days from here
SMALL POSITION
+
STOP LOSS IS KEY
CUT LOSSES QUICKLY
LET WINNERS RUN
LEARN FROM MY EXPERIENCE
after thousands of trades
MOST MONEY I MADE WITHIN
THE FIRST 30 MINUTES
90% of my losses happened
after trading longer
than 30 minutes
STAY GREEN
SECURE PROFITS
STOP TRADING
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.