SNPS Trade on Oct 18, 2019 13:11 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

 

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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