AAPL Trade on Jun 4, 2021 12:43 from tjmiller2001: Tradervue User Stock Trades.

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tjmiller2001

 

AAPL had a strong open, breaking through a small 30m supply zone. I wanted to see how it reacted to a 1 Hour Supply Zone at 125.84.

At 12:31 price broke into that zone then consolidated inside it for 10 minutes. This was a sign that buyers had lost strength but I wanted to see sellers show strength before I entered.

At 12:43, when price moved down out of the zone on increasing volume, I got short with a 3:1 RR. Good entry waiting for confirmation but not chasing. My stop was almost triggered at 12:50 but I stayed in for the next leg down.

Although my TP level was still 0.15 away at 12:56, I needed to step away from my computer for lunch so I exited the position for a profit.

Lesson Learned: Be decisive with your entries if you made a plan beforehand. You don't need to think if you have a system and you naturally know when to act on that system.


Execution detail:

Date/time Symbol Side Price Position
2021-06-04 12:43:29 4 JUN 21 127 PUT buy $1.230 long
2021-06-04 12:56:35 4 JUN 21 127 PUT sell $1.400 0


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