Premarket plan: $AAPL breakout the $162.50 key level in every time frame in premarket. I'd wait for a retest of this level, and then a breakout over $164.00. I'd take my entry with a Call Option at the $162.50 key level, with a stop-loss at the $162.00 level, and a take-profit at the -61.8% Fibonacci level -$166.54.
Projected R:R Ratio: 8:1
Actual R:R Ratio: 3:1
Stop-loss: $162.00
Entry level: $162.90
Take profit level: $164.00 (Non-taken)
Second entry: None.
Trail-stop: None.
Plan respected? No.
What did I do different from my premarket plan? I couldn't pay attention to the charts, so I couldn't get out at my price target when it was reached, and could not took my exit at the stop-loss either.
If I did not followed my plan, what could've or should've I done differently on this trade? Not to let a trade running if I won't be able to see the charts during the day.
Comments: This happened to me before and I had a major loss as well, just as this one. I'll be able to recover for sure, but this loss was not even necessary.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-26 10:32:22 | AAPL04 02 160 CALL | buy | $6.720 | long |
2022-01-26 16:06:05 | AAPL04 02 160 CALL | sell | $4.400 | 0 |
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