SFIX Trade on May 14, 2020 10:40 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• 15m Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: 15m
• Earnings Date: 6/3-

Reason For Entry:

• Playing the 15m chart, day trade. SFIX is in a pattern of consolidation below recent highs. TTM is in a squeeze and gaining momentum. Price made a move to the buy zone (21ema area) and order filled for 2 contracts. Risking less than 1% of portfolio. Watching for a move to new highs.

Reason For Exit:

• Scaled out in 2 executions. 1st at the 61.8% Fib Extension level and 2nd at the new high level.

Recap:

• The entry was correct at the buy zone (21ema area) as price consolidated below recent highs. Scaled out in 2 executions. 1st at the 61.8% Fib Extension level and 2nd at the new high level. Overall was a nice quick win.