AAPL Trade on Sep 17, 2020 10:02 from tjmiller2001: Tradervue User Stock Trades.

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tjmiller2001

 

Fought for price well on both AAPL entries. This has been my strength recently. My weakness MIGHT be exiting too early. However, my tight stop loss is what allows me to be profitable on a day with 2 losses and just 1 win.

1st entry was a dip buy at the bottom trendline of an upward channel. Great entry and sold when momentum died off. Should've waited for a 1m close under the consolidation after the initial run up. More confirmation for an exit would've prevented me from getting out early on this name that merely consolidated and ran up more.

2nd entry was an attempted VWAP Bounce. Fought for price well again, initially saw success in my thesis, but it quickly pulled back with SPY, closing a little below VWAP and causing me to exit with a small papercut loss of $6. However, this was the bottom tick and staying in would've made me $100. I'm not mad I got faked out because I know my solid RR rules will pay off in the long run, even if today they caused a loss. The trader I was 1 or 2 months ago would've been very frustrated by this missed opportunity, filled with FOMO. Based on my emotions now, I can proudly say I'm improving with this psychological part of trading. Taking a loss and moving on instead of dwelling. I'm not perfect or great at this, but I am getting better.

After my exit from the second position, I sat and watched the price action to see, "Would I have been right if I stayed in?" What I should've done, is kept an awareness for a re-entry opportunity. I missed out on a very neat and obvious inverted head and shoulders that played out perfectly. Eyes open, staying aware after an exit next time. A $6 loss was full of lessons.


Execution detail:

Date/time Symbol Side Price Position
2020-09-17 10:02:00 18 SEP 20 110 CALL buy $1.700 long
2020-09-17 10:08:10 18 SEP 20 110 CALL sell $1.900 0
2020-09-17 10:28:11 18 SEP 20 110 CALL buy $1.620 long
2020-09-17 10:31:38 18 SEP 20 110 CALL sell $1.560 0


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