33L trade ideas
An Efficient Way to Make ALL Your Money Work For You!For options traders, there is a way to make ALL your capital work for you! Yes, you heard that right. Not sure what I mean? Keep reading...
You see, most options traders don't position size larger than 5% risk of capital...and most options traders don't put on more than 10 trades at a time. Making these assumptions, we can therefore conclude that you'll never use more than 50% of your capital towards buying power reduction.
This is a very inefficient use of your capital because that means half of it is just "sitting" capital (capital that doesn't go towards making money for you!). Solution you ask? Well, the solution is simple...just redeploy that capital elsewhere besides your trading account. For example, you can take that useless 50% capital lying around in your trading account, and put it into a savings account that say has a 2% annual interest rate...and voila!, now all your capital is being put to use! and you just gained an extra 1% return on capital annually!
I almost forgot to add...remember to position size as if trading capital were equal to the sum of the 2 accounts' values (trading & savings accs).
So for example, #units = 5% ( e1 + e2 ) / max loss per unit ....
e1 - represents trading account's value
e2 - represents savings account value
Hope this helps, enjoy! and please hit the like button.
LULU - February 6, 2021LULU has been crushed alongside other major retailers in the past quarter. A strong breakout of the downtrend can send LULU higher back to the 380 region in an early earnings run up.
Lulu long Trade setups for LULU Long:
Swing trade:
Stoploss by 323$, 200 SMA (very important support zone)
Take profit min: 357 $
Take profit mid: 367 $
take profit max: 388 $
Option play:
Bull put spread (long strategy, expect moderate rise in underlying asset)
Long leg: 320 $
Short leg: 300 $
Expiry time: two weaks (best case close 12 th February)
Don't be bearish on yoga pantsHammer off the 200 sma on the daily. Grabbed the retest. Held up relatively well today.
$LULU Triple CBD on 4hr, potential CBD on daily $LULU Triple CBD on 4hr, potential CBD on daily. bounced off 200 ma. Just playing divergence. No other patterns.
LULU under 325.50 or over 331.77Depending on QQQ weakness or strength, can play this long or short. Absent any significant QQQ strength, can wait for 340.50 as entry. Notice how it’s at the bottom of the Bollinger band and getting “pulled” back up towards the mean (20 day MA).
LULU Bullish Ascending TriangleReally nice bullish ascending triangle has formed on LULU. We just has a strong bounce off bottom support line and I believe the price will climb back up to 385 from here and then will attempt to breakout of the triangle. Price may hit resistance at this level however, If a breakout does occur I am confident LULU will hit new all time highs---$400+.
LULU Potential ReversalLULU is holding the 150day moving average and trendline line so far. If it can start to reverse I will probably be looking for a credit spread around the 150day - 200day.
LULU Creating Higher LowsLULU is bullish right now it is an ascending triangle because it is making higher lows. Currently, it is stuck in the triangle. Once it gets out of this triangle it has a good chance to go to $370 area.
LULU poised for a bounceBeen watching this one for awhile. Stuck in a wedge for months.
Around low wedge aVWAP and 100ma with a (bullish) hammer (on D) to close the most recent trading session.
Stimulus checks and strong company means bullish upside... under ATH atm
LULU target 540, if local low holdsIf this low can hold, or we see some consolidation, could potentially begin the wave 3 move to the upside from here, target for the 5 wave cycle is 540.
Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.
Copyright Rohan Karunaratne 2021
$LULU AlertBroke Down out of bearish flag pattern. Looking for the continuation of current downtrend
$LULU long position 13% potentialConsistent uptrend, my prediction is that $LULU will reach $400 within the next week or two.
Resistance at 400
