Premarket plan: Today I'll trade what the market tells me, it could be any of both sides. If at the open, $AAPL makes a rise on the price to the $164.00 key level, that's where I'd take an entry with a Put Option, with a stop-loss at the $164.50 level, and a take profit at the $162.50 key level. For the bullish side, if $AAPL makes a pullback to the $161.00 level, that's where I'd take my entry with a Call Option, with a stop-loss at the $160.50 level, and a take profit at the $162.50 key level.
Projected R:R Ratio: 3:1
Actual R:R Ratio: 2.8:1
Stop-loss: $165.50 (Non-taken)
Entry level: $165.00
Take profit level: $163.70
Second entry: None.
Trail-stop: None.
Plan respected? Yes.
What did I do different from my premarket plan? I took my exit a little earlier, but not bad.
If I did not followed my plan, what could've or should've I done differently on this trade? Nothing.
Comments: I took my exit a few cents away from my take-profit target, but I decided to get out as I felt emotional on the trade. Not bad though.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-03-07 10:31:53 | AAPL18 03 165 PUT | buy | $4.090 | long |
2022-03-07 10:34:43 | AAPL18 03 165 PUT | sell | $4.750 | 0 |
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Good Job Keep It Up