INO Trade on Mar 31, 2020 14:22 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: Daily
- Earnings Date: 6/11-

Reason For Entry:
- Playing daily chart. INO is in a pattern of consolidation below ATH. TTM is in a squeeze and gaining momentum. Short float is 17% (looking for short squeeze. Entered the trade at buy zone (between 8ema and 21ema) Risking less than 1% of portfolio. Will add to position if price drops to the 21ema level.
- 4/2 added to my position at the 21ema. Watching for price to hold support or else will close for a loss.

Reason For Exit:
- INO opened with a gap up. I closed in separate lots throughout the day and got terrible fills. Closed the trade for a loss.

Recap:
- Nice entry (8EMA) and added to trade at the correct area (21EMA). Price gapped up and closed the trade in several lots at terrible prices. Closed for a small loss. Note: when price opened, the options moved a little over $1. I did not take any of my trade off as I was thinking the options would continue to increase. I was wrong and as profit takers came in, the options price dropped within a few mins after the open. After that, price pretty much stayed below my entry. I did notice that after I closed all of my trade, the options price finally made it up to the $.90 range. I would have then profited a bit and might have closed even on the trade. Lock in profits early on these options that expire within the week.