PlanTradePlanMM

LPCN Long

Long
NASDAQ:LPCN   Lipocine Inc.
Weekly Chart
In Uptrend, sideway, near support
OBV > OBV40 ( in my OBV script, weekly chart uses 40 week)

Entry 1.3
Stop 1
Target 2.3

Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Trade active:
BuyToOpen (BTO) Dec C1.5/5 limit 0.35x5
Delta 0.22
No Stop in this OP trade;
MAX RRR 9:1
Comment:
Correct:
BuyToOpen (BTO) 2023 Jan C1.5/5 limit 0.35x5, not Dec C1.5/5
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