Premarket plan: Following all major trends -4H & 1H timeframes-, and after a big rise in $AAPL, left a gap of almost $2.00. $AAPL filled this gap in premarket and then rise up again. If the price open above the $164.00 key level, I can see a little drop to this same level at the market open, and then a breakout above $164.50. If the price open below the same level of $164.00, I can see a rally to this same level at the market open, and then a drop to the gap level. On the bullish side I'd wait this drop to the $164.00 key level, that's where I'd take my first entry with a call option, with a stop-loss at the $163.85 breakdown, and a take profit at the $164.50 level. For the bear side, if at the market open I see a rise on the price to the $164.00 key level, that's where I'd take my entry with a put option, with a stop-loss at the $164.15 level breakout, and a take profit at the $163.50 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.
Stop-loss: $165.15
Entry level: $165.00
Take profit level: $164.50 (Non-taken)
Second entry: Non-taken.
Trail-stop: None.
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: I tried to cancel after that I saw that the price was going higher, but it was too late. I behaved and stayed calm, but either way, I was hoping to the market to go towards my side.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-12-06 10:30:11 | AAPL | buy | $3.980 | long |
2021-12-06 10:30:36 | AAPL | sell | $3.690 | 0 |
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