$SPX Trade on Dec 9, 2021 15:12 from ricky_trades: Tradervue User Stock Trades.

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ricky_trades

 

so i was watching spx for a quick scalp
i saw the market was about to break low of day.
and previous low of day on SPX.
i had noted that 4675 was a strong zone.
once i got in things began to consolidate.
noting previously there were a few red candles.
lower highs were created and spx was overall in down trend.
the trendline hit perfectly.
my Profit target was 4665 in which at the end of the day the stock did hit.

NOTE: i chose a STRIKE PRICE to far out of the money. there was no real movement in the contract. there was volume and oi but it wasnt moving as quickly as to 1 that was AT THE MONEY.

also noting that the stock was selling off from 1:30 pm til 3:15 ish so that should have been a little red flag for me to wait and see.

a perfect exit would have been 3:24. i dont want to hold my trades for too long.

looking back the volume was BELOW AVERAGE.

missed the support at 4667 from 2 days ago.


Execution detail:

Date/time Symbol Side Price Position
2021-12-09 15:12:19 10 DEC 21 4625 PUT buy $6.100 long
2021-12-09 15:32:31 10 DEC 21 4625 PUT sell $4.500 0

Displaying SPY as a proxy symbol.


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