I've been watching the DJT chart for a while now. I originally took a trade at $17 with intention to hold, but got scared out of the position on the loss of $16. It ended up bottoming at $13. Since then, it's gone 3x with people anticipating a Trump win.
We've corrected in the last few days and the chart looks like it wants to see more downside into the $27-20 levels. That's where I'll start scaling into positions in both spot and calls.
To me, that looks like a great buying opportunity. On higher timeframes, it looks like the stock is getting ready for a large move above $100 post election.
Let's see how it plays out over the next week.
We've corrected in the last few days and the chart looks like it wants to see more downside into the $27-20 levels. That's where I'll start scaling into positions in both spot and calls.
To me, that looks like a great buying opportunity. On higher timeframes, it looks like the stock is getting ready for a large move above $100 post election.
Let's see how it plays out over the next week.
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Didn't get the best entry, but got in at open this morning. 1/4 of a full position. Will keep this sizing unless we see a retrace.註釋
Brought to 2/4 of a position註釋
Added full position here 交易進行
Bought 5 $32.50C for 11/15 for $2.13註釋
Got a text from my friend that DJT was down 20% this morning. When I looked price fell right into the initial support I had on the chart. Dips are for buying. Not even scared one bit.註釋
added 25 $50C for 11/15 too at $.42註釋
Note there is still the possibility of price going to my lower targets.$21 and @$25.6 so those would be the next two buy levels. Also, I took very short dated options which is high risk, I'm not recommending them. Longer expirations would be better. Just sharing my positions.註釋
Ended up getting the bounce. Now up 60% and 70% so far.註釋
Ended up exiting today (+30% on the $32.50C and small loss on the $50C -41%). Ended up equaling each other out.I don't know if I like the price action here. So want the chart to provide some more clarity before reentering.
Maybe we do get the bottom supports first.
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Update here. I think we see the lower support before the bounce higher. I'm looking for an entry at $21.註釋
Despite the news, the chart still doesn't look bullish to me yet. I will wait another 1-2 weeks to enter a position.Thinking a $21 entry is possible and options out to Jan-Feb.
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