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).
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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