Premarket plan: Today I'd wait for a pullback to the $144.00 level to take my entry with a Call Option, with a stop-loss at this same level breakdown, and a take-profit at the $145.50 level.
Projected R:R Ratio: 1:3
Actual R:R Ratio: 1:2
Stop-loss: $145.50
Entry level: $146.00
Take profit level: $147.00 (Non-taken)
Second entry: None.
Trail-stop: None.
Plan respected? No.
What did I do different from my premarket plan? I did not take my stop-loss where I should have.
If I did not followed my plan, what could've or should've I done differently on this trade? I should have taken my stop-loss as planned.
Comments: I stayed into the trade hoping for a reversal on the 200EMA at the $145.50 level. Also, I took my entry too early, as I was supposed to wait for the pullback to the 22EMA on the 1min time frame. This trade managed poorly, and too emotional with hope and FOMO.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-08 09:49:06 | AAPL15 07 147 CALL | buy | $2.100 | long |
2022-07-08 09:53:19 | AAPL15 07 147 CALL | sell | $1.740 | 0 |
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