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.
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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