First trade: Opened position at open price of the day breakout with a put option. Good entry, it was very clear, and followed strategy. Felt anxious, but confident. PUT
Second trade: Opened position at the stopped-out price of last position. Saw that the chart changed tendency to bullish at open price on the 1m chart. But on 15m chart it was a clear fakeout. Bad entry, should've waited longer to open the position. CALL
Patience was key on this two trades. Patience for the first trade to work out just as planed. But being stopped-out it was just part of the risk management. Need to reevaluate if the stop-loss it's at a good location. And for the second trade, I needed patience to enter the position. I entered too early, and that's why it didn't worked out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-05-17 09:49:30 | SPY | buy | $1.740 | long |
2021-05-17 10:18:10 | SPY | sell | $1.630 | 0 |
2021-05-17 10:22:14 | SPY | buy | $0.5500 | long |
2021-05-17 10:30:03 | SPY | sell | $0.4400 | 0 |
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