Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: 195m
- Earnings Date: 4/28**
Reason For Entry:
- Playing 195m chart. FIRST entry was a nice entry at the buy zone (21ema). SECOND entry was TERRIBLE and I broke my rule by adding to position when trend is broken even if the TTM is still in a squeeze. THIRD entry was even MORE terrible, broke my rule again and added even lower on the chart (trying to average down).
Reason For Exit:
- TTM finally fired short, trend had already been broken. Closed the trade for a huge loss. Biggest loss of the year (over 3% of portfolio)
Recap:
- Nice first entry. TERRIBLE second and third entry. I broke my rule again and will own up to it. This is my biggest loss of the year and will grow from this. The exit was correct as the TTM fired short and trend broken. NEED TO LEARN TO FOLLOW MY RULES.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-04-03 13:49:15 | 17 APR 20 165 CALL | buy | $7.200 | long |
2020-04-06 14:45:28 | 17 APR 20 165 CALL | buy | $3.700 | long |
2020-04-07 10:43:16 | 17 APR 20 165 CALL | buy | $2.300 | long |
2020-04-07 14:12:30 | 17 APR 20 165 CALL | sell | $2.000 | long |
2020-04-07 16:50:42 | 17 APR 20 165 CALL | sell | $1.800 | 0 |
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