SOFI LongWeekly SMA20 bollinger band, plan to Long above SMA20, in up band.
Long 8
Stop 6.5
Target 15
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.
plan#1
BuyToOpen Sep Call spread C10/15 (C10 Delta 0.44 )
Limit 0.96 -0.30 = 0.66
SellToOpen Sep Put P6 (Delta -0.2)
Limit 0.6
Cost "0", if price stays between 6.5 and 10, no loss.
stop at 6.5, may loss $1 x 100. max loss 600 if price down to $0.
plan#2
BuyToOpen 2025 Jan Call spread C10/17 (C10 Delta 0.51 )
Limit 1.44=0.44 = 1
SellToOpen 2025 Jan Put P5 x2 (Delta -0.14)
Limit 0.5 x2
Cost "0", if price stays between 5 and 10, no loss.
Willing to buy SOFI stock at 5, max loss 5 x 200 if price down to $0.
