Shared by
quanphan135
The set-up: Fade, Break Down
I identify 280 is a psychology and strong key support number. We had a bouncing morning and the trend is break. I buy a PUT around ~280.25. Risking around 75c - target maximum downside $1-$3.
What I did Right:
1) I identify the trend for fade down.
2) I plan for my setup well with high R/R.
3) I DID WAIT for the position to work out, but then I sold too early when it didn't going to my target yet
What I did Wrong:
1) I executed my plan but did not follow my plan with R/R plan
2) I missing a lot of money on the table by not follow my PLAN
Where I could improve:
1) I will to mindful about my plan and follow my plan.
Trade grade: C
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-09-26 10:48:57 | 30 SEP 22 280 PUT | buy | $7.250 | long |
| 2022-09-26 10:54:09 | 30 SEP 22 280 PUT | sell | $7.350 | 0 |
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