FEB 2021: HD $255 – $260 Bull Call Spread
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Selection Criteria
Overall market movement
N/A this is a post earnings trade. The individual stock’s price action is more important for these trades.
No Earnings or Significant News
This is a post earnings trade. Earnings were announced a few days ago.
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside the Keltner Channels.
Although, this is a post earnings trade, RSI is now beginning to show some signs of a recovery
DI- is pointing down, giving us further conviction about this trade.
Beginning Account Balance
Ending Account Balance
I have a question re: scaling. I believe you said that you prefer to have multiple small accounts versus a large account. When you put on trades, do you duplicate the trades across your small accounts? For example, if you put on 4 trades for the month and have 3 accounts? Thanks in advance. I thoroughly enjoyed your book!
I don’t duplicate trades. I cycle between my accounts. So, I will take trades in 1 account, and if my allocation for that week is taken up, I will move on to the next account and so on. You can use this calculator to figure out allocations: https://tradingextremes.com/trade-allocation-calc/