Premarket plan: Today I'd take what the market gives me. If $AAPL rallies to the $140.00 level, I'd take the bear side with a Put Option at this level, with a stop-loss at the breakout of this level, and a take-profit at the $138.50. For the bull side, if $AAPL drops to the $138.00 level, I'd take my entry with a Call Option at this level, with a stop-loss at the breakdown of this level, and a take-profit at the $139.50.
Projected R:R Ratio: 1:3
Actual R:R Ratio: 1:2
Stop-loss: $138.00 (Non-taken)
Entry level: $138.50
Take profit level: $139.50
Second entry: None.
Trail-stop: 200EMA (Non-taken)
Plan respected? No.
What did I do different from my premarket plan? I took my entry earlier, and took my exit earlier.
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, and my exit as planned as well.
Comments: I increased my risk, and lowered my profit, as I didn't wait for my entry to come to me, and didn't wait my exit point as planned. However, the trade developed well.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-05-20 09:35:27 | AAPL27 05 141 CALL | buy | $2.040 | long |
2022-05-20 09:42:25 | AAPL27 05 141 CALL | sell | $2.460 | 0 |
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