Shared by
dominicci13
Premarket plan: $AAPL is apparently changing its downtrend to an uptrend. Today, I'd wait for a pullback to the $140.00 level, to take my entry with a Call Option, with a stop-loss at the breakdown of this same level, and a take-profit at the $141.50 level.
Projected R:R Ratio: 1:3
Actual R:R Ratio: 1:4
Stop-loss: $142.25
Entry level: $142.00
Take profit level: $141.00 (Non-taken)
Second entry: None.
Trail-stop: None.
Plan respected? No.
What did I do different from my premarket plan? I took the opposite side of the trade.
If I did not followed my plan, what could've or should've I done differently on this trade? Nothing.
Comments: As I saw a rally to the $142.00 key level, I saw this as an opportunity to caught a very good movement to the level that I wanted to take my entry with a Call Option. I don't regret the trade, as I think it was managed properly.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-07-06 09:32:28 | AAPL15 07 139 PUT | buy | $2.030 | long |
| 2022-07-06 09:33:10 | AAPL15 07 139 PUT | sell | $1.930 | 0 |
Comments
dominicci13
I'll definitely take a look into that strategy. Thank you for the suggestion!
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10 AM reversals, learn about them if you like shorting exhaustion.