AAPL Trade on Dec 7, 2021 10:30 from dominicci13: Tradervue User Stock Trades.

Premarket plan: Following all major trends -4H & 1H timeframes-, and after a big rise in $AAPL, left a gap of almost $1.50. If the price open above the $169.00 key level, I can see a little drop to this same level at the market open, and then a breakout above $169.50. If the price open below the same level of $169.00, I can see a rally to this same level at the market open, and then a pullback to the -61.8% Fibonacci level ($166.54). On the bullish side I'd wait this drop to the $169.00 key level, that's where I'd take my first entry with a call option, with a stop-loss at the $168.85 breakdown, and a take profit at the $169.50 level. For the bear side, if at the market open I see a rise on the price to the $169.00 key level, that's where I'd take my entry with a put option, with a stop-loss at the $169.15 level breakout, and a take profit at the $168.50 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: $168.35 (Non-taken)

Entry level: $169.00

Take profit level: $169.20

Second entry: $168.50 (Average down)

Trail-stop: None.

Plan respected? No.

What did I do different from my premarket plan? Did average down instead of taking my stop-loss as I should've.

If I did not followed my plan, what could've or should've I done differently on this trade? I should've taken my stop-loss, even if this was a profitable trade, it could've been a worse loss that I couldn't be able to take.

Comments: I got lucky, I trusted too much that this trade was going to work out, and that let me to compromise my risk management. The risk was not managed at all, it was a long time ago the last time that I did average down. I need to be careful on this.