Sep 2021: V $220 – $225 Bull Call Spread
COMING OUT OF A CORRECTION
During a correction, 2-4 weeks of trades will get absolutely wiped out, but we save so much cash with this trading method that using it strategically will save you from these events which come unannounced and without warnings. All the trades taken during the correction are looking like winners. Here is how the next few weeks look like for our trading group consisting of 1000+ traders. Read the analysis in the end for tips on how to survive corrections.
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Selection Criteria
Overall market movement
No prizes for guessing. This was the big SeptemBEAR and markets have been getting annihilated. I prefer taking trades on pullbacks so this is a great setup.
No Earnings or Significant News
Earnings are on 10/26 and do not overlap with our trade.
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside Keltner Channels
RSI is turning up after the recent sell off
DI- is turning down and DI+ turning up. These are rare, but amazing setups to trade.
Beginning Account Balance
Ending Account Balance