This morning, I saw the overall pre-market was just slightly green. The previous days have been pretty bullish, so I was looking to buy a call contract at the open if the setup looked good. The first 2 min candle started off as strong green right above VWAP. At this point, I got my order ready to buy after a little pullback to the VWAP. I set the fill price to 12.00, and the candle started to come down and wick. What I saw was that candle struggled to get down any more, so I made the decision to change my fill price to 13.00. I got filled and SPX's first 2 min candle instantly went up green, and the following candle was strong green as well. I set my sell limit for $300 as that green candle pushed through a level. I did not hesitate to change my sell limit price on this because that second candle was strong and pushing through. Overall, this was a good trade. I could have held longer because the market was really strong today and the previous days. However, at the point I am more than happy with my profits, and I will look to "size up" or "hold" once I am ready. As of right now, I want to build confidence and education with mentorships and screen time.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-24 09:31:13 | 24 JUN 22 3840 CALL | buy | $13.000 | long |
2022-06-24 09:32:17 | 24 JUN 22 3840 CALL | sell | $16.000 | 0 |
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