AKAM Trade on Oct 29, 2019 15:47 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: 1/27-

Reason For Entry:
- 10/29 AKAM reported earnings yesterday and continues to be in a pattern of consolidation below recent ATH. Price alerted in my buy zone and entered at a 1/5 size position. There is a TTM on the Daily and looking for a move to ATH. Options are dated mid November and will look to be patient with this trade.

  • 10/30 added another 1/5 to my position as price retraced to buy zone and closed with a hammer candle. Now in 2/5 of position.

Reason For Exit:
- Trend was broken and TTM fired short.
Recap:
- Very poor entry. Entered on the day of earnings as the stock was very volatile and retraced to my (buy zone) this is a case of not being aware of earnings dates on the stock. My exit was terrible as I waited 7 days after the TTM fired short and trend was confirmed broken. Big loss and I will learn from this mistake.

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Execution detail:

Date/time Symbol Side Price Position
2019-10-29 15:47:03 15 NOV 19 90 CALL buy $0.8300 long
2019-10-30 11:16:00 15 NOV 19 90 CALL buy $0.5200 long
2019-11-08 15:16:31 15 NOV 19 90 CALL sell $0.0400 long
2019-11-08 15:16:40 15 NOV 19 90 CALL sell $0.0300 long
2019-11-08 15:16:40 15 NOV 19 90 CALL sell $0.0300 0


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