Advanced Micro Devices Inc
Long
Updated

AMD Long

529
Demand Zone

Entry 105
Stop 110
Target 120, 140

Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Trade active
Sell Put spread Mar P100/110
Limit 5.00
105 is risk : reward = 1:1
no Stop in option
Trade active
entry at 105 was rush. closed it 5.4 (at 103), a small loss.
Sold Put spread Mar P95/105 Limit 4.6.
2nd entry at 103.
100 will be a better support line.
Do not need big rally, just a small consolidation, above 105.
Trade closed manually
close Mar P95/105 Limit 3.2

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