Tuesday, July 01, 2014 11:28:54 AM
FWIW, I establish both Risk (sell for loss) and Reward (target sell for gain) before every entry. I use the mid-bb as my pivot and Fibonaccis, MAs and Horizontal-Support/Resistance to monitor progress after entry.
(I post my trades on another board)
Although not a Pincher, I am eyeing a charger inspired "Bottom Buster" trade in XOM with Jul 11 99Cs for a move to 103 and a stop at 100. The potential gain is ~ 78% and since it is a weekly option, the only way to continue the trade would be to roll it.
(I post my trades on another board)
Although not a Pincher, I am eyeing a charger inspired "Bottom Buster" trade in XOM with Jul 11 99Cs for a move to 103 and a stop at 100. The potential gain is ~ 78% and since it is a weekly option, the only way to continue the trade would be to roll it.
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