TSLA Trade on Nov 12, 2019 14:20 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

 

Trade Planning:
- Daily Chart: Uptrend.
- TTM Squeeze: 30m
- Earnings Date: 1/26-

Reason For Entry:
- TSLA has a TTM Squeeze on the 30m chart. It also has a 26% short float. It retraced to a symmetry point which was at my buy zone below the 21ema and at the bottom Bollinger Band. Price entered my buy zone and entered the trade with a small position.
Reason For Exit:
- Within 10min of my entry I ended up closing the position for a nice 20+% win.

Recap:
- This was a quick trade. I followed my rules and had a defined stopping point. The plan was to hold the position for a day but I ended up closing the position within 10min for a nice 20+% win. I could have been a little more patient but I was only in with 1 contract (could have scaled out of this trade and held a contract or 2 overnight as that was my original plan).
image


Execution detail:

Date/time Symbol Side Price Position
2019-11-12 14:20:30 15 NOV 19 345 CALL buy $4.600 long
2019-11-12 14:30:14 15 NOV 19 345 CALL sell $5.550 0


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