This seems like it was designed specifically to throw me off today. I made this trade in the morning based on a screen shot in chat of the order book from DAS trader with HUGE size at 770.21. I decided to hit the ask as soon as I saw that number on the level 2. I did exactly that and caught TSLA for a nice 40% run on my option and I moved my stop to breakeven. I should have taken profits and rentered on the dip and I knew I was trading out of FOMO when i decided to hold. I just froze. It never got back to where I wanted and as soon as I get stopped out it takes off. I use good risk management but hitting out on a scalp into momo would have been much more favorable. That way I can be ready to renter with a looser stop to capture this move. Just need to plan ahead more. I really liked just hitting into the ask when it saw my level on the tape. I will be using that for more dip buy scalps.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-09-27 09:35:10 | 1 OCT 21 800 CALL | buy | $4.000 | long |
2021-09-27 10:14:01 | 1 OCT 21 800 CALL | sell | $4.000 | 0 |
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