I entered into the trade because TSLA made new highs during pre-market. At the open there was a sell off as expected. It started to reverse and ran above VWAP where it consolidated. That was my cue for entry if the stock made a continuance with volume. It did so i entered at at 880 after the break of a solid resistance, and a higher high candle. I held until 891 when i saw some possible consolidation but more sellers stepping in. Even though I knew this could just be health consolidation I exited the trade and took profits as I have not been green for a while.
Once I saw it was in fact a consol. I re-entered when volume picked up. I started to feel anxious as I had just made a previous good trade and was worrying about P&L. I realized I shouldn't be in a trade when I was worrying and needed to manage the trade. I decided to exit when I saw some selling pressure, which ended up being consol. I should have held but I made a good decision to get out based on my mental state.
Still learning to control my emotions while in a trade with also balancing when to exit a trade.
Today was the most I have ever made to date in Options!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-02-04 09:40:40 | 7 FEB 20 1160 CALL | buy | $5.200 | long |
2020-02-04 09:44:06 | 7 FEB 20 1160 CALL | sell | $9.130 | 0 |
2020-02-04 09:45:20 | 7 FEB 20 1160 CALL | buy | $9.800 | long |
2020-02-04 09:47:31 | 7 FEB 20 1160 CALL | sell | $12.000 | 0 |
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