$SPX Trade on Jan 19, 2022 14:33 from ricky_trades: Tradervue User Stock Trades.

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ricky_trades

 

this was power hour kind of trade.
things didnt work in my favor as this was Low of day and things bounced at a strong level.
i had a better chance of getting in a retest and reject of 4575.
understanding that once things get back to Low of day it is most likely a BEAR TRAP.
its just to obvious and seeing previous price action alot of selling occured from 1:15pm til about 2:30 ish when i entered. the stock needed a break and sellers needed to unload.
also holding through this trade was not great i did not have an exit plan but was waiting for retesting and reject of 4575 and luckily it rejected.

i need solid exit plans and also better ENTRIES. this entry was low risk to reward.
i wound up at a loss but a lesser loss then expected.


Execution detail:

Date/time Symbol Side Price Position
2022-01-19 14:33:55 19 JAN 22 4545 PUT buy $4.300 long
2022-01-19 15:40:01 19 JAN 22 4545 PUT sell $3.400 0

Displaying SPY as a proxy symbol.


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