Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent highs.
- TTM Squeeze: 30m
- Earnings Date: 1/15-
Reason For Entry:
- Playing the 30m chart. Entered towards the end of the day, NFLX is in a pattern of consolidation below recent highs and has been holding the 21ema respectively. Entered for a (1/5) size position. Valid setup and a small entry for this day trade. Note: that at the end of the day (last couple of minutes) NFLX flushed out below my stop out zone. I was not able to close my position. Will monitor NFLX at the open as I plan to close the position by the end of the day.
Reason For Exit:
- NFLX popped in the first 30min of the open and I took a nice 25% profit.
Recap:
- Nice entry at the end of the day in the buy zone. Took profit on a pop early in the morning. This was a day trade and needed to close the trade at the end of the day (tomorrow is a holiday), so I exited the trade as soon as I had an opportunity of profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-11-26 15:50:15 | 29 NOV 19 315 CALL | buy | $2.000 | long |
2019-11-27 09:35:56 | 29 NOV 19 315 CALL | sell | $2.540 | 0 |
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