Premarket plan: $AAPL after earnings made a rally and broke out the the strong resistance
that had at the $164.00 key level, and in premarket made a retest of this same level. I'd wait for a pullback to the $163.00 level to make my entry with a Call Option, with a stop-loss at the $162.50 key level, and a take profit at the -61.8% Fibonacci level -$166.54-.
Projected R:R Ratio: 7:1
Actual R:R Ratio: -
Stop-loss: $162.50 (Non-taken)
Entry level: $164.00
Take profit level: $165.00
Second entry: None.
Trail-stop: None.
Plan respected? No.
What did I do different from my premarket plan? Took my entry earlier than expected.
If I did not followed my plan, what could've or should've I done differently on this trade? Wait a few minutes longer to take my entry just at the point where I planned to.
Comments: My R:R Ratio on this trade was negative, this by how far it was my stop-loss from my entry point, and how fast I took my exit at the next level. If just I had the patience to take my entry just where I planned to, my risk:reward ratio would be perfect, and I could've buy at the lowest price of the day. Working on my patience, this is key.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-28 10:33:47 | AAPL04 02 160 CALL | buy | $6.600 | long |
2022-01-28 10:57:56 | AAPL04 02 160 CALL | sell | $7.200 | 0 |
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