Shared by
AtlasVanguardPaperTrading
TOOK TOO MCUH RISK ON THIS. Just a fake out breakout. This trade is really just a reminder to really manage risk better and just not take trades that pose a potential threat because the premium is out of budget. I had a total of $2700 risked on this trade. Under no circumstance should I be risking more than 1k total until I have authorized a size up.
This should have been looked at hard too as a trade because I can clearly see how strong the selling was at these levels before on the open. Bottom line is if I was really paying more attention the the tape then I would have noticed offers stepping in from and taking out bids.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-10-12 12:05:42 | 22 OCT 21 144 CALL | buy | $6.700 | long |
| 2021-10-12 12:05:46 | 22 OCT 21 144 CALL | buy | $6.700 | long |
| 2021-10-12 12:35:57 | 22 OCT 21 144 CALL | sell | $6.300 | 0 |
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