Pattern: First red day
Key Levels: $Resistance at $72
Thesis: This has a a couple of greens day so I am looking for the rejection at the g/r level.
I chased my trade for this, and in reality I should have waited for a retest of the major level and then shorted that level. When I was in the trade I saw that it double bottomed and if I was a long bias trader I would have gone long. I was trying to exit the trade but the spread was so wide that I was not able to get a good fill and then I had to take a 50% loss.
This is a potential watch for tomorrow
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-13 09:34:12 | JAN14'22 60 PUT | buy | $0.6300 | long |
2022-01-13 09:46:26 | JAN14'22 60 PUT | sell | $0.3800 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!