EPISODE 7; The Super Bull
Returns of this trade: This trade earned about $800 profit or about 80% of the example size 65 days.*
Description of this trade: The Super Bull is an extremely simple, high probability trading strategy, that was designed to be traded on the Russell 2000 (RUT) or the S & P 500 (SPX) indexes.
Minimum Capital Required: $1,000 per trade
Example size: $1,000
Profit Target: 100% or $1,000 for this example
Exit Loss Trigger: 100% or $1,000 for this example
Entered Trade: Bullish Vertical at 65 DTE (Days To Expiration) in a manner where the total potential profit and total loss are about equal (there are some variations in the full guidelines in the Fundamentals In Trading or FIT Library)
Trade Duration: Up to 65 days
Trade Adjustments: No
Overlapping Trades: Yes
Why do we love this trading strategy? It is very simple and it rarely needs to be monitored.
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