Virgin Galactic Holdings, Inc.
Updated

SPCE sure looks like a big ole cup & handle

398
SPCE sure looks like a big ole cup & handle. I just picked up 1/22 expiry $31-32 strangle. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
tradingview.com/u/growerik/
Trade active
1/22 expiry $31-32 strangle
Trade closed manually
I liquidated everything at open the first 5 minutes
Trade active
Cup & Handle confirmed. Hahaha
$40 call
$44 put
Trade active
Added a $43 put & $45 call to lock in profit and give more opportunity for more profit when at $44. So basically I just strangled my strangle. Lol
Note
Pre market 4:21am
Hit a high $47.99
Trade closed: target reached

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