Premarket plan: After that pullback from $AAPL to the $170.00 key level, where $AAPL has a strong support on this Darvas's box is doing, I'll take the bull side. I'd take my entry with a Call Option at the $172.00 key level, with a stop-loss at the $171.50 breakdown, and a take profit at the $173.00 key level.
Projected R:R Ratio: 2:1
Actual R:R Ratio: 1.5:1
Stop-loss: $171.50 (Non-taken)
Entry level: $172.00
Take profit level: $172.75
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? I should use a trail stop for when my trade is working.
Comments: If I use trail stops, I could maximize my profits, but I'm just afraid that I could earn more if I just sell at the top (which I know it's less probable that I'll catch the exact top at every trade).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-11 10:36:03 | AAPL18 02 170 CALL | buy | $3.930 | long |
2022-02-11 10:46:57 | AAPL18 02 170 CALL | sell | $4.250 | 0 |
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