PRE-TRADE
Premarket plan: If $AAPL makes a pullback to the $150.00 key level, then I will take an entry with a Call Option with a stop-loss at the $149.50 breakdown, and a take-profit at the $155.00 key level.
Projected R:R Ratio: 1:10
Stop-loss: $149.50
Entry level: $150.00
Take profit level: $155.00
Second entry: None.
Trail-stop: None.
AFTER TRADE
Actual R:R Ratio: 1:1.7
Stop-loss: $147.00
Entry level: $150.00
Take profit level: $155.00 (Non-taken)
Second entry: None.
Trail-stop: None.
Plan respected? No.
What did I do different from my premarket plan? I didn't respect my planned stop-loss.
If I did not followed my plan, what could've or should've I done differently on this trade? I should have taken my exit at my planned stop-loss.
Comments: This trade felt like I was gambling. I need to review my risk:reward ratio, as I know my strategy works, but I am being too greedy.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-10-26 09:40:59 | AAPL04 11 165 CALL | buy | $0.3400 | long |
2022-10-27 09:49:46 | AAPL04 11 165 CALL | sell | $0.2400 | 0 |
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