CHGG Trade on Jun 3, 2020 10:33 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• 4h Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: 4h
• Earnings Date: 8/3

Reason For Entry:

• Playing the 4h chart. CHGG is in a pattern of consolidation below its ATH. TTM is in a squeeze and gaining momentum. Scaling into this position at the buy zone (21ema and lower BB area). Risking about 2% of portfolio. Watching CHGG to continue its move to new ATHs.

Reason For Exit:

• Price broke the lower Bollinger Band and I closed the position for a loss.

Recap:

• The pattern was correct as price was consolidating below recent highs. TTM was in a squeeze and I scaled into the trade all in the buy zone (between the 8ema and 21ema) Risked about 2% of portfolio (max position size). Price faded below the lower Bollinger Band and I followed my rules and closed the trade for a loss. A loss of about 1% of my portfolio. Pattern was valid, I took a shot, pattern broke and I closed the trade for a small loss. On to the next.