Premarket plan: $AAPL has a strong support at the $164.00 key level on the 4H time frame. After a rejection on this level, I'd take my entry with a Call Option at the $164.50 level, with a stop-loss at the $164.00 key level, with a take-profit at the $166.00 level.
Projected R:R Ratio: 3:1
Actual R:R Ratio: 1.5:1
Stop-loss: $164.00
Entry level: $164.90
Take profit level: $166.50 (Non-taken)
Second entry: None.
Trail-stop: None.
Plan respected? No.
What did I do different from my premarket plan? Didn't wait for my entry point as planned.
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 entry as planned.
Comments: My plan works out most of the time, I just need to be disciplined enough to execute it as it is. Even today that my plan didn't worked out, I could've lost less than I lost today, only if I followed my plan as it was.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-23 10:50:40 | AAPL04 03 160 CALL | buy | $6.450 | long |
2022-02-23 11:30:54 | AAPL04 03 160 CALL | sell | $5.670 | 0 |
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