SPCE Trade on Mar 26, 2020 13:21 from tradelikelarry: Tradervue User Stock Trades.

Gravatar

Shared by
tradelikelarry

 

Trade Planning:
- 30M Chart: Uptrend, Consolidation below recent highs.
- TTM Squeeze: 30m
- Earnings Date: n/a

Reason For Entry:
- Playing 30m chart. SPCE is in a pattern of consolidation below recent highs. It has a TTM squeeze on the 30m chart and entered the trade in the buy zone area (just below 21 ema) with a position size of 1.5% of portfolio. Price then retraced a bit more to the lower BB (final area to add to position before closing) and now at a full position size of less than 2% of portfolio. SPCE is either going to fire long or short, will close the position tomorrow as the options expire at the end of the day.
Reason For Exit:
- SPCE flushed out at the open. TTM fired short and I followed my rules and closed the trade. (Loss of about 1.4% of portfolio).

Recap:
- The setup was correct and scaled in appropriately up to a full position. The trend broke and TTM fired short and I followed my rules and closed the trade. Given that this is a Day Trade, I had the correct position size of 1.5% of portfolio as a full position.
image


Execution detail:

Date/time Symbol Side Price Position
2020-03-26 13:21:50 27 MAR 20 17 CALL buy $1.200 long
2020-03-26 14:21:02 27 MAR 20 17 CALL buy $0.7500 long
2020-03-26 14:21:02 27 MAR 20 17 CALL buy $0.7500 long
2020-03-27 10:49:11 27 MAR 20 17 CALL sell $0.1000 long
2020-03-27 10:51:41 27 MAR 20 17 CALL sell $0.1500 long
2020-03-27 10:51:41 27 MAR 20 17 CALL sell $0.1500 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in