AAPL Trade on Jul 29, 2022 09:33 from dominicci13: Tradervue User Stock Trades.

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dominicci13

 

Premarket plan: Today, I'll use my experiment on last trade, I'll buy a low price contract with a multiple of 5. I'd wait for a pullback to the $160.00 level to take my entry with a Call Option, with a stop-loss at the $159.50 key level breakdown, and a take-profit at the $162.50 key level. If $AAPL does not reach my entry level at the first 5 minutes of the market open, I'll wait for a pullback to the 22EMA on the 1min time frame, and I'll set my stop-loss on the next level below ($160.50), and my take-profit at the $162.60 key level.

Projected R:R Ratio: 1:5

Actual R:R Ratio: 1:1.5

Stop-loss: $159.50 (Non-taken)

Entry level: $160.50

Take profit level: $162.00

Second entry: None.

Trail-stop: None.

Plan respected? No.

What did I do different from my premarket plan? I did not took my entry as planned, and my exit either.

If I did not followed my plan, what could've or should've I done differently on this trade? I should have waited for both, my entry and my exit level. My plan would have worked perfectly.

Comments: The experiment worked perfectly. Even as I got in earlier than planned, when it reached my stop-loss level point, I was loosing even less than expected, and by the time that the price reached my entry point, I was already with profit -I assume this was due volatility tho'-, and two levels above, I just wanted to grab my profits and run.


Execution detail:

Date/time Symbol Side Price Position
2022-07-29 09:33:04 AAPL05 08 165 CALL buy $0.5400 long
2022-07-29 09:40:28 AAPL05 08 165 CALL sell $1.030 0


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