AAPL Trade on Oct 20, 2021 09:30 from dominicci13: Tradervue User Stock Trades.

Gravatar

Shared by
dominicci13

 

Premarket plan: Following the major trend -4H timeframe-, I'm still bullish with $AAPL, but today I'd expect a choppy day. On the bullish side, if I see the price opening above $148.50 key level, where $AAPL has a strong resistance, I'd take an entry with a call option when I see a pullback to this key level, with a stop-loss at the $148.35 breakdown, and a take profit approximately at the $149.00 level. On the bearish side, I'll take my entry with a put option when it rallies to the PMH -$148.76- key level, with a stop-loss at the $148.90 breakout, and a take profit approximately at the $148.30 level. On both sides I have a 3.3:1 risk:reward ratio, but this can change as the market develops. If the market moves on my direction I'd take my second entry at the daily open price breakdown/breakout.

If my first trade doesn't workout and I get out with my stop-loss. I'd take a second entry at the next level of $0.50, placing my stop-loss $0.15 cents below the level of my entry.

Entry level: PMH -$148.76-

Stop-loss: $149.10

Take profit level: $148.30 (Non-taken)

Second entry: Non-taken

Plan respected? No.

What did I do different from my premarket plan? I took my entry just where I intended, but I didn't respected my stop-loss.

If I did not followed my plan, what I could've or should've done differently? On this trade? If I respected my stop-loss in the first place and didn't had hopes about the market going on my favor, I could've lose less.

Comments: I got in the trade where I planned to take it, when I thought I saw that it was respecting the resistance. I consider this a bad entry, but I do consider that I should've respected my stop-loss as a priority and then take my entry at the next level.


Execution detail:

Date/time Symbol Side Price Position
2021-10-20 09:30:08 AAPL buy $3.400 long
2021-10-20 09:32:34 AAPL sell $3.200 0


Leave a comment about this trade!

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!

View plans, Sign up for free, or Log in