Shared by
ldbobby
Grades
Plan - A
Setup - A
Traded - A
Size(S/M/L/TM[Too Much]) - S
Entry - A
Exit - A
Feelings - A
Levels
115/104-106
Thesis/Plan
Held some COIN overnight as a continuation of the prior trade. Was looking for a push to 115 and potentially higher. Risk down to 104-105 area.
Good
Sold near the top around 114. Noticed the quick rejection of 114.41 followed by a second rejection of 114 on the 5m.
Bad
None
Summary
Held position overnight as COIN closed strong and expected a push to 115 and possibly 120s. Got the morning push towards 115 and noticed the rejection of the 114s area and sold entire position.
How would you play this trade next time?
Traded this one pretty well. Nothing I can think of the change.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2023-07-13 15:27:00 | JUL21 23 120 CALL | 1 | $4.650 | 1 |
| 2023-07-13 15:27:00 | JUL21 23 120 CALL | 4 | $4.650 | 5 |
| 2023-07-13 15:27:00 | JUL21 23 140 CALL | 10 | $1.950 | 10 |
| 2023-07-13 15:29:00 | JUL21 23 120 CALL | 5 | $4.350 | 10 |
| 2023-07-13 15:59:00 | JUL21 23 120 CALL | 5 | $4.000 | 15 |
| 2023-07-14 09:34:00 | JUL21 23 120 CALL | -1 | $5.300 | 14 |
| 2023-07-14 09:34:00 | JUL21 23 120 CALL | -1 | $5.300 | 13 |
| 2023-07-14 09:34:00 | JUL21 23 120 CALL | -3 | $5.300 | 10 |
| 2023-07-14 09:35:00 | JUL21 23 120 CALL | -2 | $6.550 | 8 |
| 2023-07-14 09:36:00 | JUL21 23 120 CALL | -2 | $6.080 | 6 |
| 2023-07-14 09:36:00 | JUL21 23 120 CALL | -3 | $6.080 | 3 |
| 2023-07-14 09:36:00 | JUL21 23 120 CALL | -3 | $6.080 | 0 |
| 2023-07-14 09:36:00 | JUL21 23 140 CALL | -10 | $2.690 | 0 |
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