Premarket plan: After the gap of $2 that $AAPL left in the pre-market, creating a double bottom pattern in the 4H time frame, and rejected the 200 EMA, I'd take my entry with a Call Option at the $170.50/$170.00 key level, with a stop-loss at the $169.50 key level, and a take-profit at the $173.00 key level gap filled.
R:R Ratio: 2.5:1
Stop-loss: 78.6% Fibonacci -$170.67-
Entry level: $170.50 -Daily Open Price-
Take profit level: $173.00 (Non-taken)
Second entry: $172.00 breakout.
Trail-stop: None.
Plan respected? No.
What did I do different from my premarket plan? Not take my entry where I should.
If I did not followed my plan, what could've or should've I done differently on this trade? Take my entry where I planned since the beginning.
Comments: I think I've found the way to lower my risk and increase my profits: patience to take my entries.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-18 10:35:37 | AAPL28 01 170 CALL | buy | $5.220 | long |
2022-01-18 10:42:50 | AAPL28 01 170 CALL | buy | $5.700 | long |
2022-01-18 12:31:22 | AAPL28 01 170 CALL | sell | $4.680 | 0 |
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