Premarket plan: I could see $AAPL doing a pullback to the $172.00 key level today, and then breakout over the strong resistance at the $173.50 level. I'd wait to a pullback to the $172.50 level to take my entry with a Call Option, with a stop-loss at the $172.00 breakdown, and a take profit at the $174.00 key level. I'd take my second entry at the $173.00 key level.
Projected R:R Ratio: 3:1
Actual R:R Ratio: 2.5:1
Stop-loss: $172.00 (Non-taken)
Entry level: $172.50
Take profit level: $173.75
Second entry: $173.00 breakout.
Trail-stop: Daily Open Price -$172.86- breakdown
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, I don't regret it.
Comments: I took my exit earlier as $AAPL broke out the VWAP line with strength, and this usually means a pullback is coming, or is the end of the trend.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-07 10:30:09 | AAPL18 02 170 CALL | buy | $5.180 | long |
2022-02-07 10:32:20 | AAPL18 02 170 CALL | buy | $5.300 | long |
2022-02-07 10:42:51 | AAPL18 02 170 CALL | sell | $5.650 | 0 |
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