Here’s a nice trade setup on IWM
Here’s a look at a nice trade setup on $iShares Russell 2000 ETF(IWM)$ this morning ⬇️
Pretty much had everything I like to see in order to enter a trade on puts.
Rejected supply zone ✅
Bearish EMA trend ✅
Bear flag broke ✅
PML S&R flip ✅
Entered on the flag break, stopped out when price couldn’t hold under the pre market low 🛑
Liked the setup so took the risk, didn’t work out. On to the next. Don’t let your fear of losing prevent you from ever winning. Block the noise and trade your setups 🤙
Usually same position size as in $ amount. Not # of contracts. Cheap cons you need more
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