Shared by
alexcastrofl
markets ripping after Powell kept monetary policy at accommodative. IWM daily setup with a target of 224 and then 225. Once I hit 224 I took profits as I was expecting a consolidation and possibly another rip to 225+
However, after I exited the trade IWM continued to rally to past 225.
Next time, I'll place stops on my contracts to protect gains at the first price target zone and allow my winners to keep on running.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-08-27 10:02:51 | 3 SEP 21 223 CALL | buy | $2.590 | long |
| 2021-08-27 10:10:59 | 3 SEP 21 223 CALL | buy | $2.390 | long |
| 2021-08-27 10:10:59 | 3 SEP 21 223 CALL | buy | $2.390 | long |
| 2021-08-27 10:11:45 | 3 SEP 21 223 CALL | buy | $2.520 | long |
| 2021-08-27 10:11:45 | 3 SEP 21 223 CALL | buy | $2.520 | long |
| 2021-08-27 10:11:45 | 3 SEP 21 223 CALL | buy | $2.520 | long |
| 2021-08-27 10:13:58 | 3 SEP 21 223 CALL | buy | $2.500 | long |
| 2021-08-27 10:13:58 | 3 SEP 21 223 CALL | buy | $2.500 | long |
| 2021-08-27 10:35:30 | 3 SEP 21 223 CALL | sell | $2.850 | 0 |
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