Shared by
dominicci13
Premarket plan: I can see that $AAPL has made the pullback and rejected the $169.50 key level, creating the double bottom pattern on the 4H time frame. I'd make my entry with a Call Option at the $170.00 key level, with a stop-loss at the $169.50 breakdown, and a take-profit at the $171.00 and $171.50 key levels.
R:R Ratio: 3:1
Stop-loss: $169.50
Entry level: $170.00
Take profit level: $171.00
Second entry: Daily Open Price -$171.00- breakout
Trail-stop: None.
Plan respected? Yes.
What did I do different from my premarket plan? Yes.
If I did not followed my plan, what could've or should've I done differently on this trade? Nothing.
Comments: From now on, I won't take a second entry and increase my risk, this drawdown is taking my account to a very low level.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-19 10:33:31 | AAPL28 01 170 CALL | buy | $4.570 | long |
| 2022-01-19 10:36:33 | AAPL28 01 170 CALL | buy | $4.600 | long |
| 2022-01-19 11:40:53 | AAPL28 01 170 CALL | sell | $3.770 | 0 |
Comments
dominicci13
Very tough to trade, I can certainly agree on that. But yes, this trade is that one time that hurt us.
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The average down ended up getting you. Its always that one time that things dont turn around that really hurts us. These markets have been tough to trade man.