Shared by
WizardKing
PLAY: Breakout
KEY LEVEL: 1235,1243(HEAVY RESISTANCE)
Did I follow my stop loss rules? NOT FOR THE SECOND ENTRY. BIG RIP.
Entry(Notes): 1st Entry was not bad. Anticipation of a break, and got what I wanted. Strong break with volume, so this had the potential to be a pretty good play.
2nd entry was pure FOMO. I chased a even higher limit, but this time, the stock didn't break.
Exit(Notes): Got out 1st contact for a small win, because it wasn't breaking out as quickly as I wanted to.
For the second contract..... I bagheld the contract like a dumbass. Stop should have been at 1240. 2nd stop 1235. I didn't take it, and continuously lowered my stop. LOL, and then guess what. I got out at the bottom. The only possible way to grain this mistake until my head.
Chart:
5 Min: 
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-13 09:59:50 | APR16 21 1250 CALL | buy | $18.100 | long |
| 2021-04-13 10:40:07 | APR16 21 1250 CALL | sell | $19.000 | 0 |
| 2021-04-13 10:42:50 | APR16 21 1250 CALL | buy | $20.500 | long |
| 2021-04-13 12:54:46 | APR16 21 1250 CALL | sell | $12.100 | 0 |
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