Shared by
vhansberger
The set-up: ORB Pullback Long - Position Trade
What I did Right: Over all happy with the trade. this was intended for a wide risk trade.
What I did Wrong: One adjustment I would make is timing my accumulation better. I want to be involved right before the move occurs not holding a position that is relatively 50/50 in terms of probability.
Where I could improve: Timing needs to get more precise.
Trade grade: C+
*-------------------------------------*
Big-picture: Bull Flag/Wedge breakout over on daily - Ideally tests highs later next week
Trade parameters: Risk: 410.90 (Any break down below 3 Min OR) / Target: HOD
Entry: AccumulatedPosition as I saw it wicking off 412 (Not the best entries to be honest)
Trade Management: Need to get more precise with my timing. This felt like a 50/50 trade and what saved me was the wide risk and sizing appropriately for this trade plan. But, If I can get the timing more precise. I can squeeze the trade for more profit.
Exit: Sold Into top of the range (OR) Until proves it breaks out
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2024-03-01 10:10:00 | MAR01 24 412.50 CALL | buy | $1.300 | long |
| 2024-03-01 10:25:00 | MAR01 24 412.50 CALL | buy | $1.280 | long |
| 2024-03-01 10:27:00 | MAR01 24 412.50 CALL | buy | $1.170 | long |
| 2024-03-01 10:27:00 | MAR01 24 412.50 CALL | buy | $1.170 | long |
| 2024-03-01 10:35:00 | MAR01 24 412.50 CALL | buy | $0.8800 | long |
| 2024-03-01 10:41:00 | MAR01 24 412.50 CALL | buy | $1.020 | long |
| 2024-03-01 10:59:00 | MAR01 24 412.50 CALL | buy | $0.8200 | long |
| 2024-03-01 11:04:00 | MAR01 24 412.50 CALL | buy | $0.8500 | long |
| 2024-03-01 11:04:00 | MAR01 24 412.50 CALL | buy | $0.8500 | long |
| 2024-03-01 11:23:00 | MAR01 24 412.50 CALL | sell | $1.450 | long |
| 2024-03-01 11:25:00 | MAR01 24 412.50 CALL | sell | $1.500 | long |
| 2024-03-01 12:08:00 | MAR01 24 412.50 CALL | sell | $0.8200 | long |
| 2024-03-01 12:08:00 | MAR01 24 412.50 CALL | sell | $0.8300 | long |
| 2024-03-01 12:08:00 | MAR01 24 412.50 CALL | sell | $0.8200 | long |
| 2024-03-01 12:08:00 | MAR01 24 412.50 CALL | sell | $0.8300 | long |
| 2024-03-01 12:08:00 | MAR01 24 412.50 CALL | sell | $0.8200 | long |
| 2024-03-01 12:08:00 | MAR01 24 412.50 CALL | sell | $0.8200 | long |
| 2024-03-01 12:08:00 | MAR01 24 412.50 CALL | sell | $0.8200 | 0 |
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