Shared by
tjmiller2001
3:1 RR on the first lot and 4:1 RR on the second lot. Bought it at support but the name quickly broke lower. No strong catalyst just a technical trade.
Listened to stop loss and got burned when it gapped down. Out for a large loss. The trend reversed and it ran from 16 to 18.50 over the next few days. I was on vacation and missed the opportunity to reenter.
Lesson Learned: If you are on vacation or spending a significant amount of time away from screen/reliable internet, it would be smart to consider closing your positions because you won't be able to actively monitor them.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-22 14:19:16 | 21 MAY 21 17 CALL | buy | $1.200 | long |
| 2021-03-22 14:20:31 | 21 MAY 21 19 CALL | buy | $0.5100 | long |
| 2021-03-25 15:23:51 | 21 MAY 21 19 CALL | sell | $0.3000 | 0 |
| 2021-03-25 15:25:27 | 21 MAY 21 17 CALL | sell | $0.8300 | 0 |
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