AAPL Trade on Dec 17, 2021 10:30 from dominicci13: Tradervue User Stock Trades.

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dominicci13

 

Premarket plan: Following all major trends -4H, 1H & 30m timeframes-, I can see a drop on the price today to the -61.8% Fibonacci level -$166.54-. At the market open I can see a rise on the price to the $170.00 key level and then a breakdown over the $169.50 level. On the bullish side I'd wait a drop to the $170.00 key level, that's where I'd take my first entry with a call option, with a stop-loss at the $169.85 breakdown, and a take profit at the $170.50. For the bear side, if at the market open I see a rise on the price to the $170.00 level, that's where I'd take my entry with a put option, with a stop-loss at $170.15 breakout, and a take profit at the $169.50 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: $170.15 (Non-taken; instead I got out at $170.50)

Entry level: $170.00

Take profit level: $170.50 (Non-taken)

Second entry: Non-taken.

Trail-stop: None.

Plan respected? No.

What did I do different from my premarket plan? Didn't took my stop-loss where I was supposed to take it.

If I did not followed my plan, what could've or should've I done differently on this trade? I waited too long, hoping that the trade go on my favor. I should've taken my exit where I was supposed to take it.

Comments: Incredibly bad trade, I stayed longer just hoping, without any confirmation.


Execution detail:

Date/time Symbol Side Price Position
2021-12-17 10:30:07 AAPL buy $4.140 long
2021-12-17 10:31:09 AAPL sell $3.560 0


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