Shared by
quanphan135
The set-up: Reversal Play
Yes, I did catch a reversal, but did not buy at pull back. Premium destroy. Get draw down at 1 point but hold because trend/stop loss not getting hit. Then, AAPL was slowly claim back, see my position breaking even. Decided to getting out because not trusting this trade (and recognized my bad execution)
What I did Right:
Understand and catching the reversal.
What I did Wrong:
Did not buy at pull back, when volume decrease and not going my favor (even trend is not broke yet). Premium destroy, bad execution standpoint aka waste mental risk.
Where I could improve:
Always buy at pull back no matter what!
Trade grade: Failed
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-10-31 11:17:07 | 4 NOV 22 155 CALL | buy | $1.940 | long |
| 2022-10-31 11:28:12 | 4 NOV 22 155 CALL | sell | $1.960 | 0 |
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