32.20 was an area on FUBO that acted as resistance the day before and intraday support on the day of the trade.
I wanted to get long at this level with the trade thesis that it would bounce from here again. I was aware that the name made a lower high at 10:30 but I felt since my risk was defined it was fine to take a C+ setup.
I got long with a 3:1 RR at 10:57 on this Support Buy Trade. I was stopped out immediately when my SL was hit on a high-volume red candle. I like that I set my reentry rules immediately after exiting. That shows progress towards something that I've really been struggling with.
Lesson Learned: Focus my mental capital on the setups where I have an edge. Throwing away small amounts of money at losing setups that don't present a real opportunity is a waste of my time and energy.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-06-22 10:57:08 | 25 JUN 21 34 CALL | buy | $0.8400 | long |
2021-06-22 10:57:49 | 25 JUN 21 34 CALL | sell | $0.8000 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!