ZM Trade on May 14, 2020 11:21 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• 1h Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: 1h
• Earnings Date: 6/2

Reason For Entry:

• Playing 1h chart, day trade. ZM is in a pattern of consolidation below recent highs. TTM in a squeeze and gaining momentum. Took the short dated calls that expire the next day. Watching for ZM to continue its uptrend to new highs. Risking 1% of portfolio over night.

Reason For Exit:

• Took half off position at the end of the day for a small win of 17%. Reduced overnight exposure. 5/15 markets opened red and ZM consolidated a bit on a gap higher. I waited a few min and took a small loss on my exit. ZM went on to grind higher the rest of the day. Overall very small win.

Recap:

• Nice entry and added to my position lower in the buy zone. Took a small profit at the end of the day to reduce overnight exposure. Closed the position the next morning as the markets were red. ZM went on to grind higher the rest of the day. Overall was a very small win.