Baidu, Inc.
Short
Updated

BIDU Short

213
Weekly downtrend, Consolidation between 100 and 155
daily GAP down, Trendline break + retest + break again

Short 140
Stop 156
Target 105, 85

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
Buy Put Butterfly Dec P60/85/110
Limit 2.80

no Stop in this option
Trade closed manually
Closed 2.06, lose in time.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.