SFIX Trade on Apr 21, 2020 12:27 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:
- 2h Chart: Uptrend, Consolidation below recent highs.
- TTM Squeeze: 2h
- Earnings Date: 6/8-

Reason For Entry:
- Playing 2h chart. SFIX is in a consolidation below recent highs. It is also in a bullish pennant pattern. Short Float is 32%. Looking for new highs. SFIX entered my buy zone (at lower trend line). Order filled and risking 0.5% of portfolio.

Added to trade for a full position at the wedge area (looking for squeeze up higher.

Reason For Exit:
- Market looks heavy (at resistance area and due for pullback) Closed position to reduce bullish exposure. Small loss.

Recap:
- Pattern, entry and exit were correct. Market just looks heavy and want to reduce bullish exposure. Gave the pattern plenty of opportunities to squeeze higher. Small loss overall. On to the next!