Premarket plan: $AAPL has a strong resistance at the $173.00 key level, and now is going down from there. I'd wait for $AAPL to reach the $171.50 level to take my entry with a Put Option, with a stop-loss at the $172.00 key level, and a take profit at the $170.00 key level. I'd take a second entry at the Daily Open Price breakdown.
Projected R:R Ratio: 3:1
Actual R:R Ratio: 2:1
Stop-loss: $172.00 (Non-taken)
Entry level: $171.50
Take profit level: $170.50
Second entry: None.
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? I should've waited for my exit.
Comments: I got out of the trade, because I was not entirely paying attention to the charts, and also, I got it outside of the VWAP, this usually is a sign of exit, that is why I took my exit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-17 10:33:58 | AAPL25 02 175 PUT | buy | $4.580 | long |
2022-02-17 14:38:35 | AAPL25 02 175 PUT | sell | $5.150 | 0 |
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