Premarket plan: I'll follow the major trend, and I'd take my entry at the 50.0% Fibonacci -$174.50 level, with a stop-loss at the $174.00 key level breakdown, and a take profit at the $176.00 key level. I'd take a second entry at the $175.00 breakout.
Projected R:R Ratio: 3:1
Actual R:R Ratio: 2:1
Stop-loss: $174.00 (Non-taken)
Entry level: $$174.50
Take profit level: $175.50
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: Even as I took my exit earlier, I took my exit as I saw a rejection at the $175.50 level, and as I saw that the candle was out of the VWAP. I took this as an exit signal.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-02 10:30:13 | AAPL11 02 170 CALL | buy | $5.950 | long |
2022-02-02 10:38:21 | AAPL11 02 170 CALL | sell | $6.500 | 0 |
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