GSX Trade on Apr 3, 2020 12:39 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

 

Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: Daily
- Earnings Date: 5/19-

Reason For Entry:
- Playing daily chart. GSX is in a pattern of consolidation below ATH. The TTM is in a squeeze. Entered trade as price pulled back deep in the lower BB. Risking about 1% of portfolio.

Reason For Exit:
- TTM fired short and trend is completely broken. (.5% portfolio loss)

Recap:
- Terrible entry. I had no business entering this trade. The trend was broken when I entered the trade. Thinking back I felt that I was entering this trade at a discounted price (was wrong). Exit was correct as the TTM fired short and followed my rules. This was a unnecessary loss.
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Execution detail:

Date/time Symbol Side Price Position
2020-04-03 12:39:29 17 APR 20 45 CALL buy $0.4500 long
2020-04-03 14:56:37 17 APR 20 45 CALL sell $0.6000 long
2020-04-07 12:34:09 17 APR 20 45 CALL sell $0.0700 0


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