-$6 Loss
SPYLong Option
marketmakers

Traded off of $SPY futures 5min chart. Traded within a range for 1st hr after open then came down from h.o.d., formed a big red candle & closed below the range making a new l.o.d. I was looking for a pull back & retest. That happened so entered thinking it would continue down. I waited for it to play out, but after 10min with little sign that it would go in my direction, I exited. It continued up. Poor play. Didn't follow rules; played down at l.o.d. Give trade 10min to work, if doesn't, get out

000

Newsletters:TimChallenge
Broker:Schwab
DatePrice
Entry3/28/20230.50
Exit3/28/20230.44
  • Total Views7
  • Position Size1
  • Percentage-12%
  • Option TypePUT
  • Strike393.0
  • Expiration3/28/2023
Proof
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