SOXL short

Semiconductor Bull 3X ETF,
Bearish Engulfing and Gap down.

Short 47
Stop 57.10
Target 28, 14

Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.

BuyToOpen Aug Put P30
Limit 3.16

SellToOpen Aug Put P16 x2 contracts
Limit 0.54x2 =1.08

Total cost 2.08

Сделка активна:

BuyToOpen Aug Put P30 Limit 3.16
SellToOpen Aug Put P16 x2 contracts Limit 0.54x2 =1.08
Total cost 2.08