-$28 Loss
SPYLong Option
marketmakers

#2 5min & 1min charts. Tried $SPY in the bullish direction again. After trade #1, $SPY did turn back up. I entered as it bounced up off an upward trend line & broke through resistance. $SPY broke higher nicely right up to a prior intraday resistance. I could have made a profit & reduced my losses from trade #1, but I held, hoping it would break that resistance. It didn't but instead moved down & continued down. Once it broke below a very solid support, I exited. Entry good, exit very poor.

000

Newsletters:TimChallenge
Broker:Schwab
DatePrice
Entry2/23/20240.91
Exit2/23/20240.63
  • Total Views15
  • Position Size1
  • Percentage-30.77%
  • Option TypeCALL
  • Strike510.0
  • Expiration2/26/2024
Proof
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