Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze:1h
- Earnings Date: 5/27-
Reason For Entry:
- Playing the 1h chart. TDOC is in a pattern of consolidation below recent ATH. Price pulled back to support area (lower BB) and entered the trade with a position size risking less than 1% of my portfolio.
Reason For Exit:
- Within 10min, price moved up to my target at the Fib 61.8% area. Sold my 1 contract for almost a 100% win.
Recap:
- Nice trade as I followed all my rules. Was a valid setup, TTM on the hourly chart and shifting momentum, defined target and stop out area.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-03-10 12:35:50 | 20 MAR 20 150 CALL | buy | $1.550 | long |
2020-03-10 12:47:13 | 20 MAR 20 150 CALL | sell | $3.000 | 0 |
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