Oct 2021: ARKK $111 – $112 Bull Call Spread
COMING OUT OF A CORRECTION
During a correction, 2-4 weeks of trades will get absolutely wiped out, but we save so much cash with this trading method that using it strategically will save you from these events which come unannounced and without warnings. We had literally 4 weeks of back to back winners which has not only helped me recover from the “paper damage” from the correction but I just hit a new all time high of $24,000 in my account so I am just $1000 away from wrapping up this challenge.
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Selection Criteria
Overall market movement
Massive drop in the markets and we are nearing the end of a correction.
No Earnings or Significant News
N/A – This is an ETF
Bollinger Bands outside Keltner Channels
Bollinger bands are only slightly outside Keltner Channels but we are at the bottom of our trading range here.
RSI was turning up when I took the trade. Although, It dipped again a few days later
DI- is turning down indicating a possible reversal
Beginning Account Balance
Ending Account Balance