Bad entry. Any entry within the second 1-min candle would have worked. Ideally when the second candle's upper wick fails to wick above the opening candle there's some weakness. I bet this was more evident on the tape but I wasn't looking closely. Also a mistake.
Calling this one random because it was outside of my gameplan. I think I very quickly changed my opinion at open when I saw the selling that instead of a chop day it would be a trend continuation day. From that regard I would call this a trend-momentum play and it wouldn't have been a bad one if I had a good entry and managed the stop closely. This is an example of why a gameplan is so important. I should have been more cautious, traded just 1 contract, and waited 30 minutes for deciding whether my pre-market observations and gameplan were wrong.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-29 09:32:24 | JUN30 22 380 PUT | buy | $3.480 | long |
2022-06-29 09:32:50 | JUN30 22 380 PUT | sell | $3.310 | 0 |
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