AGO Trade on Nov 20, 2019 13:33 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

 

Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: 195m
- Earnings Date: 2/6-

Reason For Entry:
- Playing the 195m chart. AGO is in a pattern of consolidation (ascending) below recent ATH. AGO retraced to the buy zone (between the 8ema and 21ema) and entered the trade for a 1/3 size position. The TTM is in a squeeze and momentum is building.
- 11/22 added to my position (now 2/3 size position) as price pulled back and entered my buy zone.
Reason For Exit:
- 11/25 out half position at resistance level Upper Bollinger Band. Looking to take the other half profit at the new highs level.
- 11/27 out the rest of the position for a profit as price looked to be stalling.
Recap:
- Stayed patient with this trade. Nice entries in the buy zone. Nice exits at the resistance points. Overall great trade --- Valid setup, entries in the buy zone, 1/2 exits at the resistance points.
image


Execution detail:

Date/time Symbol Side Price Position
2019-11-20 13:33:12 20 DEC 19 48 CALL buy $1.240 long
2019-11-22 10:17:30 20 DEC 19 48 CALL buy $1.120 long
2019-11-25 10:53:25 20 DEC 19 48 CALL sell $1.540 long
2019-11-25 10:53:25 20 DEC 19 48 CALL sell $1.540 long
2019-11-27 10:51:01 20 DEC 19 48 CALL sell $2.040 0


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