MDT Trade on Oct 22, 2019 14:46 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

 

Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: Daily
- Earnings Date: 11/19-

Reason For Entry:
- 10/22 MDT dropped to my buy zone and entered at 1/2 position.
10/24 - Price held the support area and entered my buy zone again. Entered for the full position. (Price closed on the day slightly over my buy zone. Continues to hold support.

Reason For Exit:
- Scales out of this position in 2 exits. 1st at the 21ema and second at the 50sma.

Recap:
- Really nice entry and added to my position near the stop out area. Note: I exited early but only because the market is very extended with gaps below on the SPY. Otherwise, I would have exited my first position at the 61.8% and held the second for break even or at my goal of the 127.2%. Overall nice 50%+ win.


Execution detail:

Date/time Symbol Side Price Position
2019-10-22 14:46:37 15 NOV 19 105 CALL buy $2.520 long
2019-10-24 10:40:15 15 NOV 19 105 CALL buy $1.720 long
2019-10-29 12:01:38 15 NOV 19 105 CALL sell $2.750 long
2019-10-29 13:34:30 15 NOV 19 105 CALL sell $3.500 0


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