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Profitable 100 ticks weekly Dow Dax daily options strategy


oilfxpro

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This week I am down 50 ticks , this is normal to lose to gain.

 

 

Support and resistance. ... In stock market technical analysis, support and resistance is a concept that the movement of the price of a security will tend to stop and reverse at certain predetermined price levels. These levels are denoted by multiple touches of price without a breakthrough of the level.

 

We buy the supports on this system, technical analysis  is not reliable in the very short term, support get broken.

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I made a mistake on that trade, by missing out on a trade, just have a laugh about it  rather than getting stressed.

It is a way I handle  mistakes , rather than getting stressed and in a mess.It is important to have a stress free trading mind.

 

 

There is something to learn about coping with mistakes.Here is the alternative to the clown.Better to laugh it out .

 

stressed out trader.jpgstressed out.jpgstressed.jpg

 

 

 

 

 

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 I post this to show how I trade  and reduce risk on a trade

 

I bought option 13190 for 31 , later  at a favorable price I sold  1320 call for 21, so my net risk is 10  for a potential reward of 30.

 

If i can keep my profits low and risk very small, I can get consistent weekly profits.

 

 

dax spreads.jpg

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