THETA THURSDAY-
AMZN wasnt on my watchlist i just saw someone had wrote about in the discord chat.
it ran a few candles and i got in again at the worst entry the top.
i was riding it down and taking the premium burn.
i got in the 3500 calls.
i saw the stock kept breaking through my levels but i was already down by so much like 50% i said lets wait til it gets to VWAP.
once it approached VWAP it bounced.
i had also noticed the stock was in a bullflag formation, and also forming an INVERSE H.
also at some point a WEDGE at the top.
i had also charted that break above 3460 it could run to 3477.
i used the bigger time frames. using the bigger time frames gave me confidence to hold.
i was patient.
the stock broke the HOD and it ran. i gained about $1.20 cents on this contract.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-11-04 10:38:01 | 5 NOV 21 3500 CALL | buy | $11.300 | long |
2021-11-04 13:09:55 | 5 NOV 21 3500 CALL | sell | $12.500 | 0 |
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