W Trade on Nov 15, 2019 15:11 from tradelikelarry: Tradervue User Stock Trades.

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Trade Planning:
- Daily Chart: Downtrend, Consolidation above recent lows.
- TTM Squeeze: 195m
- Earnings Date: 1/30-

Reason For Entry:
- Playing the 195m squeeze, W is in a pattern of consolidation above recent lows. It has been staying below the 8ema and 21ema. W entered my buy zone (just above the 8ema which has been support) Entered at a 1/2 position and will add to position if price moves up towards the 21ema and top Bollinger Band. The markets are very extended and looking for a pullback which will add more to the probability of W flushing to new lows.
11/18 added to my position in a 1/2 size (now in full position) as W moved up in my buy zone and closed just below the stopping point. Note that there was low volume today as price moved up.
Reason For Exit:
- Closed full position as price is pushing over my stop out zone and TTM looks to be gaining momentum. Following my rules here.

Recap:
- Stayed patient with this one. The market has been very extended as of late and have been looking for any pullback as this should have raised the opportunity of W flushing to new lows. I followed my rules as price looks strong and holding at the stop out level and the TTM is gaining momentum as well.
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Execution detail:

Date/time Symbol Side Price Position
2019-11-15 15:11:56 20 DEC 19 85 PUT buy $6.300 long
2019-11-18 10:11:35 20 DEC 19 85 PUT buy $5.100 long
2019-11-26 11:11:12 20 DEC 19 85 PUT sell $3.900 0


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