Premarket plan: Following the major trend -4H, 1H, 30m-, I can see a new ATH today on $AAPL. I'll wait for a drop to the $180.00 or $179.50 key levels to take my entry with a call option. My stop-loss would be at the $179.35 level -22 EMA in 1H time frame- breakdown, and a take-profit at the $182.50 - $183.00. I'd take a second entry at the $181.00 key level breakout if the market proves me right.
R:R Ratio: 5.75:1
Stop-loss: $179.50 (Non-taken)
Entry level: $180.00
Take profit level: $181.20
Second entry: Daily open price -$180.10- breakout
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: This trade was all about patience and to keep in sight the higher time frames. My strategy from now on, is to get in on the big trend, and day trade on that direction, that gives me a much wider risk:reward ratio, and more chances to have a good trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-12-28 10:30:14 | AAPL07 01 180 CALL | buy | $3.430 | long |
2021-12-28 12:01:41 | AAPL07 01 180 CALL | buy | $3.400 | long |
2021-12-28 12:07:44 | AAPL07 01 180 CALL | sell | $4.020 | 0 |
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