CHWY Trade on Mar 25, 2020 15:44 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

 

Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent highs.
- TTM Squeeze: 2h and 78m
- Earnings Date: 4/2*

Reason For Entry:
- Playing the 2h/78m chart. CHWY is in a pattern of consolidation below recent highs. It is trending upward in this consolidation. The TTM is in a squeeze and gaining momentum. Price retraced into the buy zone (at the 21ema) and entered the trade. Risking 1% of portfolio and position size is about 1% of portfolio.

Reason For Exit:
- CHWY made new highs and locked in the win for about a 78% win.

Recap:
- Nice entry and nearly added to my position at the lower BB. Price made new highs and closed my position for a 78% win.
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Execution detail:

Date/time Symbol Side Price Position
2020-03-25 15:44:37 17 APR 20 32 CALL buy $3.000 long
2020-03-27 15:59:33 17 APR 20 32 CALL sell $5.400 0


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