Shared by
yoosh
Pattern:Bullish retest gap.
Key Levels: $220 is support
Thesis: This is gapping up above a couple days of resistance on news. Wait for a test of $220 and that should be your entry.
Emotion during the trade: I got in too early after the first 2 minute candle closed. It was a nice hammer candle and the second candle was surging over it and I got in, but then the candle closed below which freaked me out. I did not want to lose too much so I cut my losses but in reality I should have trusted that the $220 level would hold and instead of a break even trade it would have been a nice %30-40% gain.
I was happy with my exit, I follow my plan and got out at a key resistance level.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-13 09:33:05 | JAN14'22 225 CALL | buy | $1.400 | long |
| 2022-01-13 09:38:14 | JAN14'22 225 CALL | sell | $0.9300 | 0 |
| 2022-01-13 09:41:19 | JAN14'22 225 CALL | buy | $1.120 | long |
| 2022-01-13 09:55:21 | JAN14'22 225 CALL | sell | $1.640 | 0 |
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