Nice win to end the month

in Steemit Türkiye3 years ago

I just wanted to show you all my last trade. This was on Friday 10/29/21. My broker is TOS (think or swim). Here are the reasons I chose a PCS (put credit spread), which wins if price stays above the strike price I sold.

26uUsAjKTsXCDw7zixZR182JbFKvgzJ9YwsFpTVcRaGCmsqhA1unTgpqTvQ4GhyctGjA2xN2yRMKaazG5Ktoj19sfXYw5krd5deHkdo9RUY83kG3phpuGu71FJzYsVCMXyuHAHVFwRe4NpC7KZBWrJ6BuUC9GbKvfn1CJr.png
Price had been rising in the hours prior to my trade, so I chose a strategy to capitalize on a continued move up. I entered my PCS as I win the full credit given to me when I sell, as long as price stays (ends up) anywhere above my sold strike price.. so if just keeps climbing, then it's all good.

26uUsAjKTsXCDw7zixZR182JbFKvgzJ9YwsFpTVcRaGCmsqhA1unTgpqTvQ4GhyctGjA2xN2ySoJ8s9NWCjT5FzmbBQrHJaV4ponZprqQ2xJov1mf99HE1scCYVJXQW8nEcuUCvy8LB86hAQNp9UwdUSgd1rtHW5StEKst.png

this is a heatmap (an indicator from TOS) that shows the direction that the different stock companies are going. I saw a lot of green, and that means it's going up.

Here's my actual trade ticket..

26uUsAjKTsXCDw7zixZR182JbFKvgzJ9YwsFpTVcRaGCmsqhA1unTgpqTvQ4GhyctGjA2xxkTDVb9kdNwpnLAAvfQdGPacidQr2yWd4fpiWjpG9Ph8pgDhqHxhcib25gcQY1xt6wmWcHvqykSiHxQqWjq9ZYa2yHydNpZ4.png

I sold 4 contracts X .50 (which is $50) and made a stop limit order for 3x (or 3 x .50, or 1.50)

The trade did what I wanted and price did go up after I entered the trade, but then it fell back down a bit and moved in a range, until it's big move at the end of the market.. not really what I expected, but I'll take it!

26uUsAjKTsXCDw7zixZR182JbFKvgzJ9YwsFpTVcRaGCmsqhA1unTgpqTvQ4GhyctGjA2xDc7Vt1UvcBrusfa5Xdj1T9EeuKBvMW5bVfgf4xTguHaxAMfB8PMLv4tdzr13ntWRdUXoHtrYJ8Xd1XYC4s13KBRCLrwAgkrS.png

I hope my luck continues this week.

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