Premarket plan: $AAPL has a minor pullback on the 1Day time frame to the $151.00 level -22EMA-, and it seems that it could rally from there. Today, I'd wait for a pullback to the $152.00 key level to take my entry with a Call Option, if it fails to support that level, I'll trigger my stop-loss, and I'll trigger my take-profit at the $153.50 level. If it doesn't give me my entry at the open, I'd wait for a pullback to the 22EMA in the 1min time frame, I'll trigger my stop-loss if it fails to support this EMA, and I'll trigger my take-profit two levels above -$154.00-.
Projected R:R Ratio: 1:3
Actual R:R Ratio: 1:3
Stop-loss: $154.60
Entry level: $154.60
Take profit level: $153.50 (Non-taken)
Second entry: None.
Trail-stop: None.
Plan respected? No.
What did I do different from my premarket plan? I traded the opposite direction.
If I did not followed my plan, what could've or should've I done differently on this trade? I should have not traded at all.
Comments: I traded the opposite direction, as I saw that $AAPL was rallying continuously without any rest, and I saw an opportunity when it wasn't rallying with the same strength as the beginning. However, I should have not taken this trade at all.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-27 09:47:48 | AAPL05 08 145 PUT | buy | $1.270 | long |
2022-07-27 09:51:50 | AAPL05 08 145 PUT | sell | $1.260 | 0 |
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