Shared by
AtlasVanguardTrading
My thoughts on this trade were that AAPL would bounce off of this 142.50 level and turn around bullish but monday was just a day that the market sentiment was completely bearish and I came into the day biased which is something I will be working on. AAPL consolidated and put in a head and shoulders on the 1 minute chart and I figured it would be a great place to reverse off of and I wanted to open this trade as a swing. I got over leveraged in this trade because I had not yet solidified my risk rules .
The other trade was on the put side and I really got burned on that. Once AAPL broke out below I chased the entry with a put and go totally burned while still holding the call. So i tried to hedge this on a 1 minute time frame basis and luckily only lost $20 but this was some really bad fomo and overtrading and I am very glad I get to review it and look at just how bad it was. This should have been a bear only or risk off day and I absolutely need to be able to identify those days using SPY.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-09-20 11:45:56 | 1 OCT 21 145 CALL | buy | $1.780 | long |
| 2021-09-20 12:10:07 | 1 OCT 21 137 PUT | buy | $1.350 | long |
| 2021-09-20 12:11:12 | 1 OCT 21 137 PUT | sell | $1.290 | 0 |
| 2021-09-20 12:21:15 | 1 OCT 21 145 CALL | sell | $1.640 | 0 |
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