PRE-TRADE
Premarket plan: I'd wait for a pullback to the $170.00 key level to take my entry with a Call Option, with a stop-loss at the $169.00 level breakdown, and a take-profit at the $180.00 level.
Projected R:R Ratio: 1:10
Stop-loss: $169.00
Entry level: $170.00
Take profit level: $180.00
Second entry: $172.00
Trail-stop: 22EMA 4H time frame
AFTER TRADE
Actual R:R Ratio: 1:8
Stop-loss: $171.00
Entry level: $172.00
Take profit level: $180.00 (Non-taken)
Second entry: None.
Trail-stop: 22EMA 4H time frame ($173.00)
Plan respected? Yes.
What did I do different from my premarket plan? Took my entry above my planned entry level, as it never reached it.
If I did not followed my plan, what could've or should've I done differently on this trade? I should have taken my profits earlier.
Comments: I think my risk:reward was too aggressive, as I was expecting a 1:10 return. However, I could easily have taken a x3 on the option contract. For next occasion, I will place a trade with a lower risk:reward ratio expectancy.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-08-16 10:05:29 | AAPL26 08 180 CALL | buy | $0.3300 | long |
2022-08-19 09:52:59 | AAPL26 08 180 CALL | sell | $0.3100 | 0 |
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