$IWM Setup: Watch for PDH Fail for Downside Opportunities

Great setup on $iShares Russell 2000 ETF(IWM)$ here and it does this a lot! So keep an eye on this one if you like trading it.

It will pop above the Previous Days High in pre market then fail to hold that support when market opens!

This usually leads to some really nice downside opportunities that day.

This is why if that PDH support fails I love to keep the focus on puts all day!

Image

Okay took that profit from $Invesco QQQ(QQQ)$ this morning and rolled into IWM puts after the 200ema rejection!

This allowed me to tripled my gains from today with very minimal risk 🙏

Then I took that profit from IWM and rolled it into another round of $IWM puts.

This time didn’t get so lucky and got stopped out rather quickly ❌

You see how that works? Not every trade is life or death, 0 or hero, all or nothing!

I likely won’t remember any of these trades in a couple weeks! They are just notches on the wall in a series of 100’s of trades.

Image

https://x.com/cs_tradess/status/1823792523812462838

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Comments

Money365
08-15
Money365
Yeah please I hope you are right ! I wish you buy more put

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1

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So keep an eye on this one if you like trading it.</p><p>It will pop above the Previous Days High in pre market then fail to hold that support when market opens!</p><p>This usually leads to some really nice downside opportunities that day.</p><p>This is why if that PDH support fails I love to keep the focus on puts all day!</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/164e09be7e8445d9aaf79e9bdeafba75\" tg-width=\"2048\" tg-height=\"1408\"><span>Image</span></p><p>Okay took that profit from  <a data-mention-id=\"QQQ\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a>  this morning and rolled into IWM puts after the 200ema rejection!</p><p>This allowed me to tripled my gains from today with very minimal risk 🙏</p><p>Then I took that profit from IWM and rolled it into another round of $IWM puts.</p><p>This time didn’t get so lucky and got stopped out rather quickly ❌</p><p>You see how that works? Not every trade is life or death, 0 or hero, all or nothing!</p><p>I likely won’t remember any of these trades in a couple weeks! They are just notches on the wall in a series of 100’s of trades.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/13208eeb51f2dbc9f4c0f01dc8685d81\" tg-width=\"1982\" tg-height=\"2048\"><span>Image</span></p><p>https://x.com/cs_tradess/status/1823792523812462838</p></body></html>","htmlText":"<html><head></head><body><p>Great setup on  <a data-mention-id=\"IWM\" class=\"teditor-mention\" data-mention-name=\"iShares Russell 2000 ETF\" href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a>  here and it does this a lot! So keep an eye on this one if you like trading it.</p><p>It will pop above the Previous Days High in pre market then fail to hold that support when market opens!</p><p>This usually leads to some really nice downside opportunities that day.</p><p>This is why if that PDH support fails I love to keep the focus on puts all day!</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/164e09be7e8445d9aaf79e9bdeafba75\" tg-width=\"2048\" tg-height=\"1408\"><span>Image</span></p><p>Okay took that profit from  <a data-mention-id=\"QQQ\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a>  this morning and rolled into IWM puts after the 200ema rejection!</p><p>This allowed me to tripled my gains from today with very minimal risk 🙏</p><p>Then I took that profit from IWM and rolled it into another round of $IWM puts.</p><p>This time didn’t get so lucky and got stopped out rather quickly ❌</p><p>You see how that works? Not every trade is life or death, 0 or hero, all or nothing!</p><p>I likely won’t remember any of these trades in a couple weeks! They are just notches on the wall in a series of 100’s of trades.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/13208eeb51f2dbc9f4c0f01dc8685d81\" tg-width=\"1982\" tg-height=\"2048\"><span>Image</span></p><p>https://x.com/cs_tradess/status/1823792523812462838</p></body></html>","text":"Great setup on $iShares Russell 2000 ETF(IWM)$ here and it does this a lot! So keep an eye on this one if you like trading it. It will pop above the Previous Days High in pre market then fail to hold that support when market opens! This usually leads to some really nice downside opportunities that day. This is why if that PDH support fails I love to keep the focus on puts all day! Image Okay took that profit from $Invesco QQQ(QQQ)$ this morning and rolled into IWM puts after the 200ema rejection! This allowed me to tripled my gains from today with very minimal risk 🙏 Then I took that profit from IWM and rolled it into another round of $IWM puts. This time didn’t get so lucky and got stopped out rather quickly ❌ You see how that works? Not every trade is life or death, 0 or hero, all or nothing! I likely won’t remember any of these trades in a couple weeks! They are just notches on the wall in a series of 100’s of trades. 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I wish you buy more <u>put</u>","text":"Yeah please I hope you are right ! I wish you buy more <u>put</u>","html":"Yeah please I hope you are right ! I wish you buy more <u>put</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/338522373730376"}