Premarket plan: As $AAPL is being choppy between $173.00 and $175.00 key levels, and has multiple indications on both trends, today trade has to be a very low risk one, and take profits real quick. I've prepared two trades on both possibilities. If $AAPL reach the $175.00 key level at the open, I'd take my entry there with a Put Option, and use the $175.50 level as my stop-loss if broken out with strength, and a take profit at the $173.00 key level. And vice versa with a Call Option trade, with a stop-loss at the $172.50 level, and a take profit at the $175.00 key level.
Projected R:R Ratio: 4:1
Actual R:R Ratio: 2:1
Stop-loss: $175.50 (Non-taken)
Entry level: $175.00
Take profit level: $174.00
Second entry: -Daily Open Price- $174.50
Trail-stop: None.
Plan respected? Yes.
What did I do different from my premarket plan? Took my exit earlier.
If I did not followed my plan, what could've or should've I done differently on this trade? Nothing.
Comments: I took my exit earlier, as I saw a strong support at the $174.00 key level.
Second trade: Overtrade, this trade should not have happened.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-03 10:31:31 | AAPL11 02 175 PUT | buy | $2.970 | long |
2022-02-03 10:34:23 | AAPL11 02 175 PUT | buy | $3.300 | long |
2022-02-03 10:44:25 | AAPL11 02 175 PUT | sell | $3.400 | 0 |
2022-02-03 11:07:28 | AAPL11 02 175 PUT | buy | $2.960 | long |
2022-02-03 11:20:16 | AAPL11 02 175 PUT | sell | $2.580 | 0 |
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