TLRY Trade on Apr 15, 2020 13:36 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:
- 195m Chart: Uptrend, Consolidation below recent highs.
- TTM Squeeze: 195m
- Earnings Date: 6/1-

Reason For Entry:
- Playing the 195m chart. TLRY is in a pattern of consolidation below recent highs. Trending upward with a TTM squeeze and gaining momentum. Short float 73%, looking for short squeeze. Order filled with 2 contracts with a position size at (1% of portfolio).
4/16/20 - added 1 contract (1/4 size position) at a support area (previous support).

Reason For Exit:
- TLRY pretty much did nothing while the market gapped higher. Closed the trade for a small loss.

Recap:
- The entry was correct (between 8ema and 21ema) with a 1/2 size position. Price retraced a bit and added another 1/4 size at a support area. TLRY was not acting right and pretty much doing nothing as the market gapped higher. Closed the trade for a small loss.
Its important to monitor your trade compared to the market. In this case, the market was trending up while TLRY was doing nothing. TLRY just wasn't acting right and followed a gut feeling and closed the trade going into the weekend.