Shared by
GH0ST_0P
So I took this trade on the green doji candle. It's usually the weakest of the large spy clones, having gone sideways for some time.
21 FEB 200P
RSI Overbought (70)
Bollinger Band Pierced
Large Shooting Star / Doji candle failing at $200 resistance area
Risk / Reward 2.6R
5wk+ Expiry
Money Management
5% not great, over traded and wasn't able to put in the full 10%
Exit Strategy
Lower Bollinger Band to 200 dma area
Took profits too early, but other than that, worked out beautifully.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-15 09:35:51 | 21 FEB 20 200 PUT | buy | $3.800 | long |
| 2020-01-15 09:36:36 | 21 FEB 20 200 PUT | buy | $3.800 | long |
| 2020-01-23 10:17:09 | 21 FEB 20 200 PUT | sell | $4.900 | 0 |
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