Trade with the trend - Options
Tsla looking bullish per my previous post below:
This is why i did not close my “sell put” contracts because short term technicals look bullish.
But in the mid to longer term, a bearish head and shoulder still in play. But that is too far out for me. Focusing on short term for my trades to pan out ![]()
Here are some screenshots on how negative trades can turn to positive:
Negative -345%:
Turned positive - 34.85% (a reversal of about 380%):
Negative 33.57%:
Turned positive - 86.67% (a reversal of about 120%):
Once again, trust the technicals.
If you found my posts useful, do subscribe to my Youtube channel 🥺 There are more technical stuff in my videos - and i assure you that they are easy to understand ![]()
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Successful investing is about managing risk, not avoiding it. DYODD
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SPACELIGHT : Not looking so bullish right now, fortune teller.
Cow Moo-neyOP SPACELIGHT: Then trade the bearish trend
no fortune teller here haha
BeBlessed : 我读不懂.
is it bullish in short term but bearish trend remains intact overall?
Cow Moo-neyOP BeBlessed: Yup you're right
BeBlessed Cow Moo-neyOP:
BeBlessed : Bro, why e drop? Is it due to Salesforce for DowJones?
Cow Moo-neyOP BeBlessed: Which stock are you referring to?
BeBlessed Cow Moo-neyOP: Dow Jones earlier on shed -420 points. From intraday high 34700 to 34160.
Cow Moo-neyOP BeBlessed: Likely it's just MMs doing their stuff. Its not uncommon to see huge swings during intradays. We have seen them over the last few months due to low liquidity in the market
Cow Moo-neyOP BeBlessed: Anyway you shorting Dow Jones? Or are you long? If you’re bullish and just entered, i think abit risky, as it had a huge run up already. It could come back down to retest the 200MA anytime.
But of course I can be wrong haha
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