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TheYanus

Going long on US market

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns
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trendanalysis chartpattern
One call option with strike at 305.

The base is simple - Recent FOMC announcement revealed that the Fed will continue to push the market higher. The hitting of a new high level signaled the buy.
Komen:
@ShastryAnanth, I was using the minor guidance of buying the SP 500 at the close of the market.

At the moment of this review, I see that it dipped but eventually began to gain going into the green.
Komen:
Note - 24.62% profit on the option since June 20.

I am considering implementing an update to the risk management side. Namely, having a mental stop loss not for the option's price, but a market level.
Komen:
I stuck to it. Incoming rate announcement..
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.