Shared by
WSAN
ENTRY WAS BASED ON BREAK OF $245 INTRADAY LEVEL (NOT MY STRATEGY).
THE CONTRACT WENT GREEN FOR A FEW MINUTES & WAS RED UNTIL THE NEXT DAY WHERE IT OPENED MASSIVELY DOWN. I WAS -$500. I HAD NOT DRAWN THE $250 LEVEL. I WAS WAITING TO SEE WHAT IT WOULD DO AT THE OPEN: MAYBE PARABOLIC THEN SELL OFF. THAT'S WHAT HAPPENED. I BEGAN SELLING WHEN I WAS UP ABOUT 10% & SCALED OUT.
THE BASKETBALL ANALOGY KEPT ME IN THE TRADE. $244.41 SET AS SUPPORT (FLOOR) & LOWER HIGH'S KEPT BEING MADE.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-02-17 13:24:38 | FEB18 22 240 PUT | buy | $2.350 | long |
| 2022-02-18 09:41:27 | FEB18 22 240 PUT | sell | $2.650 | long |
| 2022-02-18 09:42:00 | FEB18 22 240 PUT | sell | $2.970 | long |
| 2022-02-18 09:42:46 | FEB18 22 240 PUT | sell | $3.150 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!