PRE-TRADE
Plan: $AAPL has reached and rejected the 200EMA on the 4H time frame. I'd take an entry with a Call Option at the $161.00 (200EMA) level, with a stop-loss at the $160.00 breakdown, and a take profit at the $164.00 key level.
Projected R:R Ratio: 1:3
Stop-loss: $160.00
Entry level: $161.00
Take profit level: $164.00
Second entry: None.
Trail-stop: None.
AFTER TRADE
Actual R:R Ratio: 1:1
Stop-loss: $160.00 (Non-taken)
Entry level: $161.00
Take profit level: $164.00 (Non-taken)
Second entry: None.
Trail-stop: $162.00
Plan respected? Yes.
What did I do different from my premarket plan? I took my exit at the $162.00 level.
If I did not followed my plan, what could've or should've I done differently on this trade? Nothing.
Comments: As I saw that even when I was a dollar above my original entry, and still was on breakeven, I decided to get out of this trade, as it was going to take a very strong rally to get out profitable of that trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-08-29 09:30:18 | AAPL09 09 175 CALL | buy | $0.2300 | long |
2022-08-29 10:31:12 | AAPL09 09 175 CALL | sell | $0.2300 | 0 |
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