JUN 2021: URI $300 – $310 Bull Call Spread
Stock
Trade Structure
Trade Date
Price Paid
Expiration Days
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Rationale
Trade Selection Criteria
Overall market movement
May sell-off is behind us and markets are in decent shape. There is no exaggerated movement in the overall markets and this trade is based on purely this stocks own movement.
No Earnings or Significant News
Earnings are behind us and were announced on 4/29
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside Keltner Channels.
RSI Analysis
RSI is pointing up giving this trade more conviction
ADX Analysis
DI- and DI+ are both reversing directions. This is a very text-bookish trade. Don’t see many of these in real life.
Trade Analysis
Trade Outcome
Profit/Loss
Beginning Account Balance
Ending Account Balance
7/16 expiration had 6losers 4winners. why this display account only showed winner, where all 6 losers go to?
This site is meant purely for educational purposes. The intent of this site is not to be treated as an audit log but for me to share the techniques described in my book with my readers. I only post the trades here which can used to learn something. eg. I did post a few 50% losers recently demonstrating the 50% loss rule, a few put spreads recently demonstrating how to trade peaking markets etc.
In addition to this, only trades taken in the 25K Challenge account are shown here. In our private group we take many more trades (10-14 trades per week)