Premarket plan: $AAPL now is creating a healthy uptrend, and after it did a breakout at the $169.50 key level on Friday, I can see a pullback to this same level today, if it breakdown below this key level, I can see $AAPL losing strength and going lower. I'd take my entry with a Call Option at the $170.00 key level, with a stop-loss at the $169.50 key level breakdown, and a take-profit at the $172.00 key level.
Projected R:R Ratio: 4:1
Actual R:R Ratio: 2.5:1
Stop-loss: $$169.50 (Non-taken)
Entry level: $ $170.00
Take profit level: $171.00
Second entry: None.
Trail-stop: None.
Plan respected? Yes.
What did I do different from my premarket plan? Took my exit earlier than expected.
If I did not followed my plan, what could've or should've I done differently on this trade? Nothing.
Comments: As I saw a strong breakout at the $171.00 key level and $AAPL got out of the VWAP on the 1-min time frame, I saw this as a clear exit to grab profits quickly, as this easily could be against me any time.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-31 10:30:16 | AAPL11 02 170 CALL | buy | $4.190 | long |
2022-01-31 10:35:31 | AAPL11 02 170 CALL | sell | $4.750 | 0 |
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