Mar 2020: RUT $1000 – $1005 Bull Call Spread
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Selection Criteria
Overall market movement
We have experienced an unprecedented sell-off in the markets due to the ongoing Coronavirus scare
No Earnings or Significant News
We were forced to give this trade 57 days to work in our favor due to the market conditions. This is an Index so there are no earnings involved.
Bollinger Bands outside Keltner Channels
This is a no-brainer! Bollinger Bands are way outside Keltner Channels.
RSI has been in oversold zone for some time. However, it is not showing any signs of a clear reversal yet
ADX is not showing any clear signs. However, DI- is reversing directions indicating that the downward movement maybe losing steam.
Beginning Account Balance
Ending Account Balance
Could you pls also mention how much of the starting capital of $2500 was allocated to this trade?
Your followers might want to replicate that too in order to exactly get the same results at the end
of the yearly challenge 🙂
I have mentioned it, look at the price paid column at the top.