Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: Daily and Weekly (Playing the Daily)
- Earnings Date: 1/30-
Reason For Entry:
- ICE entered my buy zone and entered at a 1/3 size position. It is in a pattern of consolidation below recent ATH. TTM Squeeze on the Weekly and Daily (Playing the Daily). Options expire on 12/20 so will be patient with this trade.
Reason For Exit:
- Trend was broken and TTM Fired short.
Recap:
- The entry was poor as price retraced in a big move as the market was well up on the day (this is a red flag). I should have exited the next day as TTM fired short but waited 3 days after ttm fired short (poor decision). Out for a small loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-11-04 14:38:45 | 20 DEC 19 92.5 CALL | buy | $1.950 | long |
2019-11-08 14:04:38 | 20 DEC 19 92.5 CALL | sell | $1.400 | 0 |
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