PRE-TRADE
Premarket plan: If $AAPL makes a pullback to the $146.00 level -22 EMA in 1H time frame & 261.8% Fibonacci level-, then I'd take an entry with a Call Option, with a stop-loss at the $145.00 key level breakdown, and a take-profit at the $150.00 key level.
Projected R:R Ratio: 1:4
Stop-loss: $145.00
Entry level: $146.00
Take profit level: $150.00
Second entry: None.
Trail-stop: None.
AFTER TRADE
Actual R:R Ratio: 1:5
Stop-loss: $147.00
Entry level: $147.50
Take profit level: $150.00 (Non-taken)
Second entry: None.
Trail-stop: None.
Plan respected? No.
What did I do different from my premarket plan? I took my entry earlier than planned.
If I did not followed my plan, what could've or should've I done differently on this trade? I should have waited for my entry confirmation.
Comments: I took this trade based on the fact that $AAPL made an impulse with high volume of almost $1.50, and it made sense to take an entry in a pullback to the next important level. This trade was charged with FOMO.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-10-24 09:47:34 | AAPL04 11 160 CALL | buy | $0.8100 | long |
2022-10-24 10:08:13 | AAPL04 11 160 CALL | sell | $0.7000 | 0 |
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