Premarket plan: $AAPL has a strong support at the -27.0% Fibonacci level -$157.23- on the larger time frame of 4H. I can see a pullback to this level and the a breakout over $159.50 key level. I'll take my entry at the -27.0% Fibonacci level, with a stop-loss at the $156.50 level, and a take-profit at the $161.00 key level.
Projected R:R Ratio: 8:1
Actual R:R Ratio: 2:1
Stop-loss: $ $156.50 (Non-taken)
Entry level: $157.50
Take profit level: $159.50
Second entry: None.
Trail-stop: None.
Plan respected? Yes.
What did I do different from my premarket plan? Took my exit earlier, as I saw a strong resistance at the $159.50 key level.
If I did not followed my plan, what could've or should've I done differently on this trade? Nothing.
Comments: This trade took place after my first trade on a put option, and after I saw $AAPL was weak on breaking down the -27.0% Fibonacci level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-25 11:23:48 | AAPL04 02 165 CALL | buy | $2.280 | long |
2022-01-25 11:46:47 | AAPL04 02 165 CALL | sell | $2.630 | 0 |
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