Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: Daily
- Earnings Date: 11/8*
Reason For Entry:
- DUK hit my alert in my buy zone and entered the trade at a 1/5 position size. TTM on daily and price is consolidating below recent ATH. Looking for a run up to earnings (catalyst).
10/29 Added to my position.
Reason For Exit:
- Trend was broken and TTM Fired Short.
Recap:
- Poor entry as price dropped big when the market was green and up on the day (red flag). I added to my position the next day which was another poor decision as the TTM Squeeze fired short and makes the trade no longer valid. Waited 7 days after TTM fired short to close my position. This was a big loss and could have been avoided. Will learn from this as I need to follow my rules strictly.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-10-28 11:35:05 | 15 NOV 19 95 CALL | buy | $1.250 | long |
2019-10-29 10:45:47 | 15 NOV 19 95 CALL | buy | $0.6500 | long |
2019-11-07 09:38:37 | 15 NOV 19 95 CALL | sell | $0.2000 | 0 |
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