Shared by
quanphan135
The set-up: Opening Drive Play/ Break Out
When the market is opened, I look at AAPL showing alot of strength. Opening higher than opening priced. When I saw market is keeping pushing up. I decided to buy go LONG AT $147.70. I risking around .60c to target upside $1 (2R play)
Seeing AAPL had a pull back (My premium start to drop immediately), I also should be at the pull back to make sure I bought a a signal bar (and the pull back is a healthy support trend) = That was my mistake.
What I did Right:
1) Pick stock in play having relative strength compare to SPY and QQQ, plus T/A
What I did Wrong:
1) Did not see AAPL price that well
2) Did not buy at Pull Back
Where I could improve:
1) I need to carefully watch chart more patient and full picture
2) I will need to buy at a pull back (buy cheaper premium contract as well as confirm is a heathy pull back = less risk and maximize the reward)
Trade grade: C
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-10-24 09:39:24 | 28 OCT 22 147 CALL | buy | $4.380 | long |
| 2022-10-24 09:39:24 | 28 OCT 22 147 CALL | buy | $4.380 | long |
| 2022-10-24 09:39:24 | 28 OCT 22 147 CALL | buy | $4.380 | long |
| 2022-10-24 09:43:40 | 28 OCT 22 147 CALL | sell | $3.950 | long |
| 2022-10-24 09:43:40 | 28 OCT 22 147 CALL | sell | $3.950 | 0 |
| 2022-10-24 09:47:56 | 28 OCT 22 147 CALL | buy | $4.200 | long |
| 2022-10-24 09:49:00 | 28 OCT 22 147 CALL | sell | $4.150 | 0 |
| 2022-10-24 10:20:49 | 28 OCT 22 147 PUT | buy | $4.250 | long |
| 2022-10-24 10:29:17 | 28 OCT 22 147 PUT | sell | $4.150 | 0 |
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