PRE-TRADE
Premarket plan: If $AAPL today sets a pullback to the $150.00 key level, I would take an entry with a Call Option, with a stop-loss at the $149.50 level, and a take-profit at the $152.00 key level.
Projected R:R Ratio: 1:4
Stop-loss: $149.50
Entry level: $150.00
Take profit level: $152.00
Second entry: None.
Trail-stop: None.
AFTER TRADE
Actual R:R Ratio: 1:6
Stop-loss: $151.50
Entry level: $152.00
Take profit level: $155.00 (Non-taken)
Second entry: None.
Trail-stop: None.
Plan respected? Yes.
What did I do different from my premarket plan? I took an entry later on a pullback to a strong support level (with the 200EMA in the 1min time frame) as $AAPL never made a pullback to the level I planned to get in.
If I did not followed my plan, what could've or should've I done differently on this trade? Nothing.
Comments: I took this entry at this level as it made sense to made a pullback to this key level after a strong rally of $4.00 dollars at the market open.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-09-26 11:11:30 | AAPL07 10 165 CALL | buy | $0.3700 | long |
2022-09-26 11:44:40 | AAPL07 10 165 CALL | sell | $0.3300 | 0 |
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