Premarket plan: Not planned.
Projected R:R Ratio: 3:1
Actual R:R Ratio: 1.4:1
Stop-loss: Daily Open Price $165.00 (Non-taken)
Entry level: $165.50
Take profit level: $166.20
Second entry: None.
Trail-stop: None.
Plan respected? No.
What did I do different from my premarket plan? Took my exit too early when I saw a breakout without volume at the $166.00 level and close to the VWAP. I wanted to stay on this trade longer, but I took a quick profit.
If I did not followed my plan, what could've or should've I done differently on this trade? I should've waited longer to my take profit target to be hit.
Comments: Even as I did not planned this trade at the pre-market, this is an excellent trade with the proper risk management on place. I took my entry based on the close of the 1H candle after the open, after I saw a rejection at the $165.50 level, and a stop-loss where my trail-stop was placed on the last trade. Basically a risk-free trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-22 11:01:27 | AAPL04 03 165 CALL | buy | $3.730 | long |
2022-02-22 11:13:02 | AAPL04 03 165 CALL | sell | $4.000 | 0 |
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!