AAPL Trade on Nov 5, 2021 09:30 from dominicci13: Tradervue User Stock Trades.

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dominicci13

 

Premarket plan: Following the major trend -4H timeframe-, I can see a minor pullback to the $151.00 key level, and then a breakout above $151.50. On the bullish side I'd wait a pullback to the $151.00 level, that's where I'd take my first entry with a call option, with a stop-loss at the $150.85 breakdown, and a take profit at the $151.50 level. For the bearish side, if at the market open I see a rally on the price to the $152.00 level, that's where I'd take my entry with a put option, with a stop-loss at the $152.15 level breakout, and a take profit at the $151.50 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.

Second trade plan: 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 -$151.69-

Stop-loss: $151.50 (Non-taken)

Take profit level: $152.15

Second entry: Daily open price -$151.89- breakout

Plan respected? No.

What did I do different from my premarket plan? I took my entry earlier.

If I did not followed my plan, what could've or should've I done differently on this trade? I should've waited to reach the $151.50 key level.

Comments: It wasn't a bad trade, but could've been much better. I thought I saw a strong support at the PMH level, that's why I took my entry. But I have to congratulate myself because I've been patient and have respected my plan on almost every day of this week.


Execution detail:

Date/time Symbol Side Price Position
2021-11-05 09:30:26 AAPL buy $2.760 long
2021-11-05 09:31:42 AAPL buy $2.930 long
2021-11-05 09:32:14 AAPL sell $3.040 0


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