Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH
- TTM Squeeze: Daily and Weekly
- Earnings Date: 11/20-
Reason For Entry:
- 10/18 SNPS dropped right into my buy zone and entered for 1/4 position.
10/22 SNPS dropped to my second level buy zone and entered for another 1/4 position.
Reason For Exit:
- SNPS bounced off my buy zone and I decided to close my position in 1/2 exits as price entered the moving average bunch. (Note that the market is extended and there is a pending gap below on the SPY) decided to take profits.
Recap:
- I will need to be more patient when the market is more swing trade friendly. I took profits early as the market is anticipating a pull back. Nice trade and profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-10-18 13:11:49 | 15 NOV 19 140 CALL | buy | $1.400 | long |
2019-10-22 14:53:58 | 15 NOV 19 140 CALL | buy | $0.9000 | long |
2019-10-24 10:35:34 | 15 NOV 19 140 CALL | sell | $1.550 | long |
2019-10-24 11:01:24 | 15 NOV 19 140 CALL | sell | $1.850 | 0 |
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