AAPL Trade on Feb 27, 2020 09:40 from TheDumo27: Tradervue User Stock Trades.

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TheDumo27

 

I was originally watching AAPL for the breakdown of premarket low around $282 but that happened a little before the bell with $280 being the next breakdown. With the quick pop on the open for AAPL and /ES and the hard rejection at $286 with buyers getting out of the way on the way down towards $285 i entered on the break below $285. /ES rejected hard at the same time so i felt good about the entry. I was kicking myself a little for not locking the quick dip down to $280.50 ish but with the market weakness recently and how hard it also pulled back i felt ok to hold. A good amount of that hold was due to my stubbornness but it never tested my entry again. I felt ok with the trade not seeing too much real strength on the tape. I exited when AAPL got back to $280 just to be sure i locked the gains. I was very tempted to hold for more as the break of $280 was likely to be a good momentum break scalp point for a good drop. But being up 80% in the trade it didnt make sense to not take what i had and not be greedy.

Entry: A
I feel i had a very well timed and patient entry with good confirmation on the tape and with /ES.

Exit: D
I should have locked the gains when the selling slowed around 280.50 and the market was slowing as well. This would have been a perfectly executed and timed scalp if so. I potentially could have given back all my profit if the market conditions were different but the current market conditions gave me "hope" (the trading devil word) for continued weakness. The decision to lock my gains was good considering where my account is at recently but since i held that long, selling as it approached a key breakdown level with momentum was not ideal and part of me knew that.

Emotions: A
Although my execution wasnt perfect i felt emotionally calm and clear thinking. After recognizing my mistake in not locking the scalp play i decided to not be greedy and lock the gains I had.

Thoughts: In different market conditions i would have given up profit and likely the stock would not have came back down as hard as it did. I have seen this too many times with my trades where i time my entry well but my execution and slight greed/stubborness kicks in preventing me from locking the gains i should. Right now as my sizing is small the quick scalp gains dont seem like much but the discipline in the execution will pay off big when my account size is bigger. I need to remind myself of that as scalping is the style of trading i lean towards. Although i made good profit today it was not clean and im not overly happy with the performance. I got away with it today but will continue to focus on the areas i struggle with the most.


Execution detail:

Date/time Symbol Side Price Position
2020-02-27 09:40:54 FEB28 20 282.5 PUT buy $3.100 long
2020-02-27 10:20:31 FEB28 20 282.5 PUT sell $5.700 0


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