ALL Trade on Oct 30, 2019 11:02 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

 

Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: TTM D and W. Playing the Daily chart.
- Earnings Date: 1/29-

Reason For Entry:
- 10/30 Entered the trade as price retraced and triggered my alert. In 1/5 size position. ALL is in a pattern of consolidation below recent ATH. There is a TTM squeeze on the Daily and Weekly (Playing the Daily). Nice risk to reward of about 5to1.
- 11/1 added another 1/5 to my position as price retraced in my buy zone (between the 50sma and bottom Bollinger band). Now in 2/5 position.

Reason For Exit:
- 11/7 Price hit my first target at the 78.6% fib mark.
- 11/12 Price hit my second target around the 127.2% fib mark.

Recap:
- Poor entry as I entered on an earnings date (high volume) and price chopped around. Nice second entry as price retraced to my buy zone. Stayed patient and exited in 2 points at both my targets. This is my biggest win so far. Nice trade but could have managed better. Will learn from this.
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Execution detail:

Date/time Symbol Side Price Position
2019-10-30 11:02:41 20 DEC 19 110 CALL buy $0.7300 long
2019-11-01 16:22:42 20 DEC 19 110 CALL buy $0.7700 long
2019-11-07 10:11:31 20 DEC 19 110 CALL sell $1.150 long
2019-11-12 09:33:27 20 DEC 19 110 CALL sell $1.840 long
2019-11-12 09:42:47 20 DEC 19 110 CALL sell $2.300 0


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