SPCE 3 month trend channel breakout +10% today

7 déc. 2020

SPCE is up +10% today, breaking out of it's 3 month trend channel. I entered a SPCE$30-31strangle12/11 at 11am when it was at equilibrium $30.50. I have traded SPCE a lot and a word of caution here, it is a very volatile stock. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
tradingview.com/u/growerik/

7 déc. 2020

Note

Sold $29-32 strangle at 12:30pm to lock in profits & eliminate potential theta loss. Now have a $31-32 call spread & $30-29 put spread, basically for free.

7 déc. 2020

Transaction en cours

Got a 10-option strategy at 3:20pm. (2) $35 calls, (2) $34 calls, $33 call, $33 put, (2) $32 puts, (2) $31 puts.

8 déc. 2020

Note

consolidating:

8 déc. 2020

Transaction en cours

picked up 32straddle at 10:35am

8 déc. 2020

Note

33straddle looking good at 1:30pm before implied volatility picks up by 3:30pm.

8 déc. 2020

Note

1hr on 1month volume ema just crossed zero line:

9 déc. 2020

Trade fermée manuellement

Huge morning pop, everything liquidated by limit order execution. I'll be on the lookout for another entry.