Meaningful support and resistance use
Hello everyone,
powerful is always the support und resistance line in a Chart. First, i can use it for finding the last low, and for a longer time duration for checking out the last high. But in that case which chart i use i have draw in a trading zone with two lines, above and below the last close market price. (29,63) Now a look at my ATR (Average True Range) i see the price difference in one day is round about 0,86 Cents. I work with writing puts and Calls, for sell and buy stocks, i write a put Option at 28.80 and collecting my premium. For example i got 0.50 cents for one share, always buy 100 so i got 50$ Premium, this premium lowers my stock price and my really paid price ist 28.80 - 0,50 = 28.30$ / share.
The trading zone, or trading channel is a powerful tool for trade with a lot of different stocks or ETFs and get a weekly income.
This stock (BAC) is alway running in a small down and up, denpending on the overall market. Highest price was over 50$, just now the price is around 30$, the bonds are rising its alwas a advantage for the Banks, special in this stock example (BAC) for going back up to over 50$ in next coming time.
If you want more explanation about writing puts, and how to use an trading channel, support and restistance, write a sentence in the comments, or become a follower of me.
Good luck!!
powerful is always the support und resistance line in a Chart. First, i can use it for finding the last low, and for a longer time duration for checking out the last high. But in that case which chart i use i have draw in a trading zone with two lines, above and below the last close market price. (29,63) Now a look at my ATR (Average True Range) i see the price difference in one day is round about 0,86 Cents. I work with writing puts and Calls, for sell and buy stocks, i write a put Option at 28.80 and collecting my premium. For example i got 0.50 cents for one share, always buy 100 so i got 50$ Premium, this premium lowers my stock price and my really paid price ist 28.80 - 0,50 = 28.30$ / share.
The trading zone, or trading channel is a powerful tool for trade with a lot of different stocks or ETFs and get a weekly income.
This stock (BAC) is alway running in a small down and up, denpending on the overall market. Highest price was over 50$, just now the price is around 30$, the bonds are rising its alwas a advantage for the Banks, special in this stock example (BAC) for going back up to over 50$ in next coming time.
If you want more explanation about writing puts, and how to use an trading channel, support and restistance, write a sentence in the comments, or become a follower of me.
Good luck!!
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