Premarket plan: Following the major trend -4H timeframe-, I can see a minor pullback to the $150.00 key level, and then a breakout over $150.50 level. On the bullish side, if the a pullback to the $150.00 key level, that's where I'd take my first entry with a call option, with a stop-loss at the $149.85 breakdown, and a take profit at the $150.50 level. For the bearish side, if at the market open I see a rally on the price to the $151.00 level, that's where I'd take my entry with a put option, with a stop-loss at the $151.15 level breakout, and a take profit at the $150.50 key level. On both sides I have a 3.3:1 risk:reward ratio. If the market moves on my direction I'd take my second entry at the daily open price breakdown/breakout.
Entry level: PMH -$150.65-
Stop-loss: $150.80 (Non-taken)
Take profit level: $150.00
Second entry: Daily open price -$150.39- breakdown.
Plan respected? Yes.
What did I do different from my premarket plan? Nothing.
If I did not followed my plan, what could've or should've I done differently? On this trade? Nothing.
Comments: Even if I did not intended to enter at the PMH -$150.65- level, that's where I saw a strong resistance at the open price, so I instantly saw a entry opportunity. Not bad, and inside my usual plan.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-11-03 09:30:48 | AAPL | buy | $5.150 | long |
2021-11-03 09:31:24 | AAPL | buy | $5.430 | long |
2021-11-03 09:31:36 | AAPL | sell | $5.590 | 0 |
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!