Wedge pattern, bottom support line touch Estimate Wedge breakout Entry 520 Stop 495 Target 670
Next fresh demand Zone is next Entry point PlanB: Entry 445 Stop 425 Target 583
I am not a PRO trader. I need few months to practice trading strategies. If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
액티브 트레이드
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Option trade: Buy 2021 Jan Butterfly C600/650/700 Limit 3.2; 52 days only. Estimate Wedge breakout, quick move. Stop 495. Next demand zone is a better entry point.
액티브 트레이드
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Estimate: after current wedge consolidation, once breakout, it will move up quickly, like TSLA; Adjust Jan Butterfly to higher price with small cost. Buy C650/680 Limit 0.75 x2; Now, hold Jan butterfly C600/680/700 Total cost 3.2+1.5=4.7;
액티브 트레이드
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Buy butterfly Feb C600/640/680 Limit 3.05;
액티브 트레이드
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close Jan butterfly C600/680/700 limit 0.61, lost 4.1
@KhanhC.Hoang, Thanks. That is the way to analyze my trading plan. By looking back, and comparing them, I improved lot in 2020.
thebrewer35
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With the sideways movement here, do you still think it can get to 670 by 12/23?
PlanTradePlanMM
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@thebrewer35, Very low probability to 670 by 12/23; My position only needs price above 605, this has more chance. I adjusted my position to higher price today. The wedge breakout pattern is very powerful, such as, TSLA, ROKU; once breakout, it is possible to 670 by 1/20/2021;
thebrewer35
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@PlanTradePlanMM, thank you for your update. Will you take profit at $605?
PlanTradePlanMM
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@thebrewer35, I will see how many days left. If I have more than 20 days left at 605, I will adjust position to be a free position for the final target. See trading actions in my BIDU plan. after a big up move, today, I took my cost back, and let winner run.
thebrewer35
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@PlanTradePlanMM, Thank you for sharing! I was looking at that move today!