SPCE Trade on Apr 17, 2020 14:30 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:
- 1h Chart: Uptrend, Consolidation below recent highs.
- TTM Squeeze: Daily
- Earnings Date: 5/28-

Reason For Entry:
- Playing 1h chart. SPCE is in a pattern of consolidation below recent highs. TTM is in a squeeze. Price entered buy zone (8ema) and order filled with 1 contract and risking 1% of portfolio. I have room to add to trade at (21ema area). Looking for a move to new highs.
4/20 Price retraced to my final add zone (between 21ema and lower BB). Now at a full position, risking (1.5% of portfolio)

Reason For Exit:
- Scaled out in 2 lots. 1st at the resistance area (fib 61.5% level). 2nd below the previous candle (locking in gains and not letting the remainder of the trade go red on me.

Recap:
- Nice first and second entry at the correct levels and position size. 1st at buy zone (at 8ema) 2nd at final add level (between 21ema and lower BB). Exits were correct, 1st at the resistance area (fib 61.5% level). 2nd below the previous candle (locking in gains and not letting the remainder of the trade go red on me.