Premarket plan: $AAPL apparently is creating an inverted H&S on major time frames, where the $169.50 key level is placed as the neckline. I'd wait a reversal to the $171.50 level to take my entry with a Put Option, with a stop-loss at the $172.00 key level breakout, and a take profit at the $170.00 key level.
Projected R:R Ratio: 3:1
Actual R:R Ratio: 1:1
Stop-loss: $172.50 (Non-taken)
Entry level: $172.00
Take profit level: $171.50
Second entry: None.
Trail-stop: None.
Plan respected? No.
What did I do different from my premarket plan? Took my entry and exit earlier than expected.
If I did not followed my plan, what could've or should've I done differently on this trade? Should've waited for my entry signal.
Comments: I saw a strong resistance at the $172.00, that's why I took my entry at this level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-04 10:57:47 | AAPL11 02 175 PUT | buy | $4.410 | long |
2022-02-04 11:30:04 | AAPL11 02 175 PUT | sell | $4.690 | 0 |
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