SBUX
TRIANGLE BREAKOUT
Major Down
Current Up
Triangle formation. Awaits breakout
Broken towards down side.
Took the position via option at Spot $104.77
25 days out at strike 102.
2 contract with RRR of 1:2 @ $1.14 and $1.16
TP on both contract 1:2 and not let the trade run @ 100.65
Option sold at both 124% profit ITM.
$2.61 n $2.71
Total profit : $3.02
Psycology:
Fear of loss of profit. Did not want to risk it. Mindset wise it has extended quite far, $100 as psycological number. and 4h looking at meeting into resistance.
Shall review
Major Down
Current Up
Triangle formation. Awaits breakout
Broken towards down side.
Took the position via option at Spot $104.77
25 days out at strike 102.
2 contract with RRR of 1:2 @ $1.14 and $1.16
TP on both contract 1:2 and not let the trade run @ 100.65
Option sold at both 124% profit ITM.
$2.61 n $2.71
Total profit : $3.02
Psycology:
Fear of loss of profit. Did not want to risk it. Mindset wise it has extended quite far, $100 as psycological number. and 4h looking at meeting into resistance.
Shall review
הערה
Trade went to 1:3 RRR due to weak market sentiments.
see if 1:4 can be breach
הערה
Solid break took profit 1:2 but it went all the way to 1:4. To trade the setup.
Nth wrong with TP early just gonna justify
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