PRE-TRADE
Plan: $AAPL has a mini downtrend inside the bigger uptrend. I would wait for a pullback to the 22EMA on the Daily time frame (-61.8%Fibonacci level/$166.50 key level) to take my entry with a Call Option, with a stop-loss at the $165.50 level, and a take-profit at the $170.50 level.
Projected R:R Ratio: 1:4
Stop-loss: $165.50
Entry level: $166.50
Take profit level: $170.50
Second entry: $ None.
Trail-stop: 55EMA/200EMA on the 4H/1H time frame, respectively.
AFTER TRADE
Actual R:R Ratio:
Stop-loss: $165.50 (Non-taken)
Entry level: $166.50
Take profit level: $171.00 (Non-taken)
Second entry: None.
Trail-stop: $168.00
Plan respected? No.
What did I do different from my premarket plan? I didn't took my take-profit where I should.
If I did not followed my plan, what could've or should've I done differently on this trade? I should have been aware of the market.
Comments: I didn't took my take-profit level when it reached, as I was not looking at the screen at the moment. I stepped away from the screen just at the moment where my level was reached.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-08-24 10:19:27 | AAPL02 09 175 CALL | buy | $0.3600 | long |
2022-08-26 10:38:26 | AAPL02 09 175 CALL | sell | $0.2900 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!