SUI Trade on Mar 25, 2020 11:23 from GH0ST_0P: Tradervue User Stock Trades.

17 APR 110C

I think this is the bounce I was expecting, wanted to buy plays that were in strong consistent uptrends (over 200dma) pre-crash. Looking to play a 61 Fib retracement

Method

• RSI Oversold (26)

• Bollinger Band Pierced

• Several Doji/ Pins candles (including weekly) + Engulfing off resistance

• 3.5Wk Expiry ( not 5, but May was too expensive, let's hope this doesn't come back to bite me)

• Risk/Reward = 2-4R

Money Management

Risked 10%

Exit Strategy

A 61 Fib retracement would coincide with the 200dma and 20dma and would put you right around 145

Weekly

Exited early. felt a bit overexposed, with all of the tickers largely moving in sync. Also, this showed some unexpected counter beta weakness, not sure what was going on, but wasn't interested in sticking around to find out.