PRE-TRADE
Premarket plan: If $AAPL makes a pullback to the $145.00 key level, then I would take an entry with a Call Option, with a stop-loss at the $144.00 level breakdown, and a take-profit at the $150.00 key level.
Projected R:R Ratio: 1:5
Stop-loss: $144.00
Entry level: $145.00
Take profit level: $150.00
Second entry: None.
Trail-stop: None.
AFTER TRADE
Actual R:R Ratio: 1:4
Stop-loss: $145.00
Entry level: $146.00
Take profit level: $150.00 (Non-taken)
Second entry: 142.50
Trail-stop: None.
Plan respected? No.
What did I do different from my premarket plan? I took a second entry that wasn't planned, and didn't took my exit when I was supposed to.
If I did not followed my plan, what could've or should've I done differently on this trade? I should have taken my stop-loss as soon as the market opened below my stop-loss level, and shouldn't have taken the second entry.
Comments: My second entry was emotional charged, as I was hoping that my trade went on my favor (with no study or previous look at the charts), as I hoped it took a rebound at the $142.00 key level. This was a very bad trade, it was a long time ago the last time I placed a trade this way.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-10-06 10:19:23 | AAPL14 10 155 CALL | buy | $0.4800 | long |
2022-10-07 09:35:31 | AAPL14 10 155 CALL | buy | $0.1700 | long |
2022-10-07 10:01:38 | AAPL14 10 155 CALL | sell | $0.1400 | 0 |
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