2019-03-13 17:58:15
Rationale:
-on 3/11 NVDA had a monster move, on 3/12 (yesterday) the stock consolidated sideways at the HVN node; new there was potential for stock to trend if it opens with strength
Reasons for entry:
-consolidating at weekly HVN node
-strong opening drive
-5-15min consolidation pattern after opening drive
-stock is in uptrend
-elevated daily volume
Trade Planning
-structure: long call
-major support: 163.14
-add point: NA
-stop loss: break/fail of VWAP
-take profit price / risk-reduction plan: was looking to reduce risk as soon as possible but exited trade intraday
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-03-13 10:00:20 | APR18 19 160 CALL | buy | $11.750 | long |
2019-03-13 10:38:08 | APR18 19 160 CALL | sell | $12.220 | long |
2019-03-13 10:41:06 | APR18 19 160 CALL | sell | $12.120 | long |
2019-03-13 12:15:04 | APR18 19 160 CALL | sell | $13.620 | 0 |
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