KSS Trade on Jul 16, 2020 12:47 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: Daily
• Earnings Date: 8/18
• IV: n/a
• Potential Profit: n/a
• Potential Loss: n/a

Reason For Entry:

• Playing the Daily chart. The setup showed KSS having a nice 3 and 8 EMA cross over the 20 SMA with increased volume. It was also testing a breakout level. I entered the trade in the buy zone which was located through the breakout level. Watching for KSS to continue to new highs.

Reason For Exit:

• Price action fell well below the stop out level. Did not look like it would make itself back over the stop out level by the close. I closed my position for about a 1.5% of my portfolio loss.

Recap:

• The entry was correct as I executed a position after a 3 and 8 EMA cross over the 20 MA with volume. Bad news came out as KSS was downgraded. I held my position as price action held the pattern. A couple days later price action faded below my stop out level and I followed my rules and closed the trade for a loss.