AAPL Trade on Jan 20, 2022 10:32 from dominicci13: Tradervue User Stock Trades.

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dominicci13

 

Premarket plan: Today is all about risk management and patience. I've been bullish on $AAPL the last three days, waiting on those strong supports to be rejected. Today I'm still bullish, but my risk management will be a lot more strict. There's a strong resistance at the -61.8% Fibonacci level -$166.54-, that's where I'd take my entry with a call option, with a stop-loss at the $166.00 level -just where the gap would be filled-, and a take profit at the $169.50 key level.

Projected R:R Ratio: 6:1

Actual R:R Ratio: 2:1

Stop-loss: $168.00 (Non-taken)

Entry level: $168.75

Take profit level: $167.20

Second entry: None.

Trail-stop: None.

Plan respected? No.

What did I do different from my premarket plan? No taking the trade on the way I projected on.

If I did not followed my plan, what could've or should've I done differently on this trade? Nothing, probably I would not even took the trade if I've sticked to my premarket plan.

Comments: I ditched my pre-market plan and made a quick scalp with a put option at the $167.50 level rejection, to the Daily Open Price -$167.00- level. I don't regret it, as it seemed like an obvious trade, but it was not planned at all, and it was on the contrary of what I believed. I did not managed the risk at all on this trade, only after I was in, and it never came to my entry target. But as I thought it was going to came to my entry point, it seemed like a good idea to take the trade on the little downside until my entry point.


Execution detail:

Date/time Symbol Side Price Position
2022-01-20 10:32:37 AAPL28 01 165 PUT buy $5.200 long
2022-01-20 10:37:34 AAPL28 01 165 PUT sell $5.570 0


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