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
UPS CALLS
STRIKE: $190
EXR: APR-30-21
TARGET: $195
MY POTENTIAL ENTRY:
ABOVE RESISTANCE CAREFUL
IF IT CAN HOLD GAINS
AT THE OPEN
CROX CALLS
STRIKE: $95
EXR: May-14-21
TARGET: $100
MY POTENTIAL ENTRY:
if it can hold above 92.5
SPY CALLS
STRIKE: $418
EXR: APR-28-21
TARGET: $419
MY POTENTIAL ENTRY:
ABOVE RESISTANCE 418.15
SPY puts
STRIKE: $417
EXR: APR-28-21
TARGET: $416
MY POTENTIAL ENTRY:
if it breaks through
$417 support
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.