Premarket plan: $AAPL is showing a healthy pullback on the major trends in premarket. I'd wait for the price to go down to the $159.00 level to take my entry with a Call Option, with a stop-loss at the $158.00 breakdown, and a take-profit at the $164.00 key level.
Projected R:R Ratio: 5:1
Actual R:R Ratio: 3:1
Stop-loss: $158.00
Entry level: $159.50
Take profit level: $164.00 (Non-taken)
Second entry: None.
Trail-stop: None.
Plan respected? No.
What did I do different from my premarket plan? Did not took my entry where I was supposed to.
If I did not followed my plan, what could've or should've I done differently on this trade? I need to be more patient to let my plan develop itself.
Comments: I got a bad entry, which led me to a bigger loss, I wasn't nervous though, I trusted too much in my plan.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-03-10 10:34:41 | AAPL18 03 160 CALL | buy | $3.360 | long |
2022-03-10 11:35:08 | AAPL18 03 160 CALL | sell | $2.380 | 0 |
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