CGC Trade on Mar 12, 2019 10:06 from kerobo0000: Tradervue User Stock Trades.

Rationale:
-stock had news catalyst - NJ lawmakers rise weed legalization deal reached - I did not recognize this in real-time
-stock has a playbook worthy setup; strong opening drive (first 3-5 bars bullish and green, with one pulling back to price level and being immediately rejected)
-stock pulled back / consolidated right to the weekly HVN; consolidation at a major level triggered the entry

Reasons for entry:

-stock in an uptrend
-consolidation at major level
-strong opening drive (3-5 green volume bars)

Trade Planning
-structure: long call
-major support: 46.5
-add point: NA
-stop loss: VWAP - 47.40
-take profit price / risk-reduction plan: exited intraday when I got an exit signal (break and failure to reclaim VWAP in bullish manner)

-Remaining conservative until I can build account; wanted to hold this position longer to catch a bigger move but stock gave me a reason to exit
-have to prevent myself from giving back gains if I want to build account - it seems like the only opportunities I get to reduce risk is when a stock is trending the entire day (CGC did not trend entire day today); if stock doesn't trend I will mostly likely have to exit entire position
-can get more comfortable leaving a piece on if I size in more and scale out of the bulk of the trade