Buy 18Mar swing puts - be willing to hold

On 11Feb, the selling gave a prime example of "one good trade is all it takes." Just one weekly put could have given you 8-10 times return. Most of the time I cannot time the market, but I have confidence in another selloff (based on indicators). To prepare for this, I am watching 30m and daily timeframes to find an entry to buy puts. Even if I buy too early I will use only enough capital that I can hold this trade until I have good reason to close it for a loss.

I had 18Mar 2300 puts last week, but I sold them with profit on Friday because I wanted to reassess my entry and strike choice this week. I will also be on the lookout for day trades later in the week (when options are cheaper) or other quick swing trades.

Comment:

No puts yet for me. Markets may go higher.