Premarket plan: Today I can see $AAPL playing on both directions, so I'll wait for a confirmation on each side to see on what direction I'll take my entry with a lower risk. For the bull side, I'd wait for a pullback to the $136.50 level to take my entry with a Call Option, with a stop-loss at this same level breakdown, and a take-profit at the $137.50 level. And for the bear side, I'd wait for a rally to the $138.00 level to take my entry with a Put Option, with a stop-loss at this same level breakout, and a take-profit at the $137.00 level.
Projected R:R Ratio: 1:2
Actual R:R Ratio: 1:2
Stop-loss: $136.50
Entry level: $136.60
Take profit level: $137.50 (Non-taken)
Second entry: None.
Trail-stop: None.
Plan respected? Yes.
What did I do different from my premarket plan? I took my entry a little bit earlier than planned.
If I did not followed my plan, what could've or should've I done differently on this trade? Be prepared to take my entry at the right place.
Comments: I took my entry this earlier as I got confused with the level of entry. However, it wasn't that bad.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-30 09:37:13 | AAPL08 07 138 CALL | buy | $2.280 | long |
2022-06-30 09:37:58 | AAPL08 07 138 CALL | sell | $2.180 | 0 |
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