I entered the trade at $10.67. I used the time frame 1 minute and 5 minute to time my entry. I exit the trade a little after the Morning Star ended the advancement.
Tyson Foods (tSN) To the Downside
51 Strike Price Put Option
TysonChicken ( TSN ) Short
1.News
2.Rising Channel
3.Ascending Triangle
4.The Trade/ Entry,Stop Loss, Take Profit
Tyson Foods to Drop ‘No Antibiotics Ever’ Label on Some Chicken Products
Tyson has a Major Drop on Earnings
Rising Channel
A rising channel has developed in the past 3 days
The start of the rising channel started at $49.21
The ending of the riding channel ended at $51.20.
There is a $2 dollar difference, that could be use for profit.
Ascending Triangle Has Developed
Bull activity is showing weakness at the price $51.20
After the ending the ascending triangle it shows price action favoring the downside.
Price is trading to the bottom side of the Ascending Triangle.
The Trade
Im interested in a entry around with a nice short setup $51.20
5 Put Option Contracts
My take profits will be at 50.69 for three contracts, but if there is aggressive selling I will stay in until $50.31
Stop loss is at 51.30
Books I’m Reading
Trade The Trend Not The Stock
It’s funny how you can pick a amazing company to invest in, but if you invest your money in the company at the wrong time you loose.
Early Morning Entry and Exit on TESLA $55 Profit.
I’m kind of new to writing blogs so bear with me as I give my break down on what I saw in this trade and how I prepared for it.
Listed above is me charting Tesla on a 1-minute time frame. This trade was done on my cellular device which made it pretty sketchy.
Long story short, be mindful of your signal strength when trading on your cellular device.
Keep in mind all stocks make money, but all stocks may not fit your criteria. These criteria may be a time frame, amount you desire to make and also your emotional trading level.
Whatever your criteria is, be sure to write them down and evaluate before investing your money for any return regardless of its size.
I will list below my criteria’s on this trade and my reason why for each one.
Criteria
- Moves at least a dollar / Votilitay
- Massive Volume
- Attractive Options Spread
The first thing is my mindset and goal I have for the small account I’m trading out of.
Before picking a Stock to trade I wanted a stock that carried nice volume and could move a couple of dollars in a short period of time.
Bad Trade on $SOXL, with a Profit of $31.02..😕
Made $58.36 trading $MULN in After & Pre-Market. I’ll give a trading breakdown sometime this Saturday.
I traded $ATXI for another gain
This trade brought a gain of $61.00. I do understand and know that this is a small profit. But I’m not trying to make a killing just yet trading in the Stock Market. I’m more so focused on my skill set. This trade I purchased a hundred shares in aftermarket and sold them in the pre market. Which is something I like doing because it doesn’t destruct me while I’m at work. I’ll be giving a trade brake down later this week.
BYC. T R A D E S 