TLRY Trade on Apr 23, 2020 15:05 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• 195m chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: 195m / 4h
• Earnings Date: 6/1-

Reason For Entry:

• Playing 195m / 4h chart. TLRY is in a pattern of consolidation below recent highs. TTM is in a squeeze and momentum is shifting positive. It has a high short float of 73% and looking for a pop to new highs. TLRY entered the buy zone (between 8ema and 21ema) and ordered filled for 2 contracts and risking 0.75% of portfolio.

Reason For Exit:

• TLRY worked its way thought the fib 38.2% level and popped its way to the fib 50% level. TTM fired long and I closed the trade for a 50% win.

Recap:

• The entry was spot on at the buy zone (between 8ema and 21ema), position size was less than 1% (I am considering slightly raising my position size on future trades as I am getting more comfortable with the plays). The exit was correct as the TTM fired long and locked in the trade. In future trades I will practice scaling out of my position. In this case, I would have profited more had I scaled out of the position. Overall, nice trade.