BABA: Trade Monthly Swing Strategy -J
Here is to summarize my trade plan. If we break above the overhead resistance and retest, I will add my hedge position which will help me profit from the both side. Bearish until proven otherwise.
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I think the collateral required is $700 per short spreads.
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Basically price must not be within by 3rd may 180-200 for us to make profit.
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Basically price must not be within 180-200 by 3rd may for us to make profit.
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Previous Set up:
