Premarket plan: Following the uptrend on the major time frames -4H, 1H, 30m-, I'll wait a pullback to the $174.00 level to take my entry, with a stop-loss at the 22 EMA in the 1H time frame -$173.25-, and a take profit at the $176.50.
Projected R:R Ratio: 3.25:1
Actual R:R Ratio: -
Stop-loss: $173.00 (Non-taken)
Entry level: $174.50
Take profit level: $175.00
Second entry: None.
Trail-stop: $173.50
Plan respected? No.
What did I do different from my premarket plan? Did not wait for my entry point, as planned in premarket.
If I did not followed my plan, what could've or should've I done differently on this trade? I should've waited longer to take my entry.
Comments: I took my entry too quick on the first candle, as I tried to get in on my level, but instead, I got caught on a mini rally at a level that increased my risk too much.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-01 10:30:10 | AAPL11 02 170 CALL | buy | $6.100 | long |
2022-02-01 13:30:50 | AAPL11 02 170 CALL | sell | $5.400 | 0 |
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