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 |
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!