Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: 195m
- Earnings Date: 1/17-
Reason For Entry:
- KSU is in a pattern of consolidation below its ath. KSU retraced with the market and entered my buy zone (at the 21ema) and entered the trade for a (1/3 size position). TTM is in a squeeze on the 195m chart and momentums shifted to positive.
Reason For Exit:
- 12/3 closed position as trend is broken and TTM fired short.
Recap:
- Trade was valid and took a shot. The market dropped hard on trade news (tariff news). The trend was broken and TTM fired short. On to the next one.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-11-29 10:43:00 | 20 DEC 19 155 CALL | buy | $1.850 | long |
2019-12-03 09:39:38 | 20 DEC 19 155 CALL | sell | $0.7500 | 0 |
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