With a broken support though, does it climb back up for a day or does it tank? I don't see it getting back that high even though that was a support area.
So if I buy a single OTM put contract for $7.00 ($700) thinking the stock is about to tank and it does and my put contact is then worth $50 ($5000) I net $4,300? Seems like everyone would be playing puts with a chart setup like GOOGs.
I maybe completely wrong, but thats why I'm posting...
I am a beginner to all of this and paper trading right now, so simply looking for advice, constructive criticism and so on.
GOOG today is trading around $547 with a big red candle today. Next support doesn't look like it comes in until the $532ish range. The ADX is showing a strong trend...
Hello,
I've been trading stocks for a little while now and been reading a lot of books on futures trading. I'm looking to trade index futures and possibly Ag futures but I don't want to be limited. I am going to have about 10k to start with and I plan to take it slow with that. I am...