Hey 5-Star Trader,
Each Tuesday I provide a glimpse into my trading journal by providing you with real examples. The whole point of this exercise is to reflect on concepts and analyze what is working and what is not.
As we head into the final part of the year, I’m taking all those examples and reflecting on my 2021 trading year. For the next three weeks, I’ll be sharing with you what my top three entries were.
This week, I want to highlight my trade in John Deere (DE)**.
Powered by my Hot Zone indicator, I was able to look at DE from a historical perspective. Through that data, I was able to see John Deere has performed well throughout the pandemic and the last several quarters surrounding earnings. This gave me the confidence to not only buy in one setup but two which I was able to cash in for profits.
Entry (iron condor): SELL -2 IRON CONDOR DE 100 21 MAY 21 355/365/355/345 CALL/PUT @7.77
Exit: (iron condor): BUY +2 IRON CONDOR DE 100 21 MAY 21 355/365/355/345 CALL/PUT @5.46
Entry (spread): SOLD -1 VERTICAL DE 100 21 MAY 21 355/350 PUT @2.27
Exit (spread): BUY +1 VERTICAL DE 100 21 MAY 21 355/350 PUT @.11