“A Well Planned, Well Executed Trade Today”
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“A trade well placed/executed”
Shillong :: As the market opened gap up, we have anticipated and waited for a retracement, to the fill the gap and taken a PE Short positions intraday, with SL of 15pts. At the end of 10min candle trade placed with 15pts SL.
Waited for a fresh high, then for 2nd retracement, but a big red candle was formed and I had to stopped out. Seeing a possible SL area or value area, entered the second trade at 9:45am.
I exited and made profit because I was selling and ATM Put, and theta had decayed enough to hit the target.
A trade well executed and taken order book as below:
Final Chart at the exit:
Final P&L