CHWY Trade on Mar 25, 2020 15:32 from tradelikelarry: Tradervue User Stock Trades.

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:
- 3/27 closed half position at the resistance area (fib 78.6%).
- 3/38 options expire at the end of the day and CHWY pulled back at the open so I locked in my gains to prevent the trade from going red on me.

Recap:
- Nice entry and added to my position at the correct area (lower bb). Out half position at the correct resistance level (Fib 78.6%). Closed final position on the expiration day as price dropped and closed the trade to prevent the trade from going red on me. Overall closed the trade for a 27% win.