Trading Basics/Options

No longer into options thinking if I should set this page for my futures trading 🤔

Best Day!!!!

**Honestly looking to post less and be on social less But today was a great day in a choppy market**

Just 1 or 2 trades can make your day great.
As much as patterns play a big role in my trading sometimes just watching price action can be enough and I jumped in on those puts near the open after seeing weakness and how fast the price started to decline off that small bounce. Always try to get in before the break as premium jumps so quick you’d be crazy not to be satisfied with that move as a scalper.

I actually ended up giving most of it back trying to anticipate another leg down.

But again all it takes is one trade and I saw my favorite set up after a dip as $TSLA looked to be setting up for a reversal. This was another anticipated move but also liked the Descending Triangle break as well as the increase in volume. Was fortunate to get out at the top and as always a reminder as to why I scalp!!!

WATCHLIST $SPY $TSLA $NFLX $ZM
ALSO $FB $PLTR
$SPY Been watching that $370 area as support and another 3% move from highs would put it about there. If we break Friday's low I think we test that support level but looking to see if it gets bought back up if so I think we get new highs for another 4% move
$TSLA If $SPY dips Tesla has about another 20 points to the downside to catch, looking for this Descending Triangle break over $860's before it heads toward $900-$1000 Not interested until break and hold over $860's
$NFLX Earnings this week could do its own thing either way nice Symmetrical Triangle to trade Over $505 is a good entry for calls under $495 puts
$ZM still in a long term downtrend but still has some room to the upside and that 33% move puts it exactly at that resistance level. There's strong Demand at $378's, bullish as long as it holds that support level then we can test $420's to get the rest of that 33% move.
**No guarantees in any trading strategy, It's probability and preparation. Have a plan keep losses small and leave emotions out**

Catching these patterns and opening entries
Same chart set ups on different stocks can be traded daily!!!

Scalp Trading the open!!!
Trading Basics Showing some common set ups at the open to the upside!!!