BBT Trade on Dec 2, 2019 11:04 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

 

Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: Daily
- Earnings Date: 1/16-

Reason For Entry:
- Playing daily chart. BBT is in a nice pattern of consolidation below recent ath. It has been respecting the 21ema and I entered the trade in the buy zone (at the 21ema) entered for a 1/4 size position. TTM is in a squeeze and looking for BBT to make a new ath.
Reason For Exit:
- Trend broken. Note that the TTM is still in a squeeze but I exited the trade.

Recap:
- Real nice valid setup. Nice entry in the buy zone. Tariff news came out and trend was now broken. Exited the trade and on to the next one.
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Execution detail:

Date/time Symbol Side Price Position
2019-12-02 11:04:13 20 DEC 19 55 CALL buy $0.7000 long
2019-12-03 11:43:49 20 DEC 19 55 CALL sell $0.2500 0


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