$SPY PUTS
STRIKE: $462
EXR: JAN-18-22
TARGET: $455
MY POTENTIAL ENTRY:
AFTER A BOUNCE TO THE
$462.5 RESISTANCE
STOP LOSS max 30%
if it can't STAY BELOW
the RESISTANCE
$XOM CALLS
STRIKE: $73
EXR: JAN-21-22
TARGET: $74
MY POTENTIAL ENTRY:
AFTER THE BREAK OF THE
$73 RESISTANCE
STOP LOSS max 30%
if it can't STAY ABOVE
the RESISTANCE
$USO calls
STRIKE: $61
EXR: JAN-21-22
TARGET: 61.5
MY POTENTIAL ENTRY:
AFTER THE BREAK OF THE
$61 RESISTANCE
STOP LOSS max 30%
if it can't STAY above
the RESISTANCE
I TRADE WEEKLY OPTIONS everyday
FOR OVER 6 YEARS NOW
IN THE PREMARKET i CREATE
A PLAN BASED ON MY EXPERIENCE
OF THOUSANDS OF TRADES
WHEN THE MARKET OPENS
i watch my selection TO BREAK
A SIGNIFICANT LEVEL WHICH
INCREASES THE PROBABILITY
OF further CONTINUATION
to the next resistance
(target)
IF IAM in THE TRADE AND THE
STOCK IS MOVING AGAINST ME OR
NOT MOVING AT ALL I STOP OUT
AND MOVE ON QUICKLY
i USE THE 2 MIN TIMEFRAME
AT THE MARKET OPEN
i USE MOSTLY MARKET ORDER
WHEN PLACING THE TRADES
i ONLY USE LIMIT ORDER IF THE BID
AND ASK PRICE IS TOO WIDE
I USE THE POWER ETRADE PLATFORM
MOST profits i MADE IN
THE FIRST 30 MINUTES
MOST MONEY I LOST AFTER TRADING
LONGER THAN 30 MINUTES