CHGG Trade on Jul 17, 2020 12:35 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

 

Trade Planning:

  • Daily Chart: Uptrend, Consolidation below ATH.
  • TTM Squeeze: None
  • Earnings Date: 8/3
  • IV: n/a
  • Potential Profit: n/a
  • Potential Loss: n/a

Reason For Entry:

  • Playing the Daily chart. Entering the trade following a nice 3 and 8 EMA cross over the 20 SMA. Price action bounced off the 20 SMA and watching for CHGG to continue its uptrend to new ATHs.

Reason For Exit:

  • Exit 1 - was placed at Target 1 per the plan. Exit 2 - was placed at Target 2 per the plan. +$170 profit overall.

Recap:

  • The pattern and executions were spot on! Entered following a nice 3 and 8 EMA cross over the 20 SMA, entered the trade in the buy zone (2 green horizontal lines). I scaled out of the position at my 2 Target Levels (white lines). Overall I made a nice +$170 profit on this trade.

Execution detail:

Date/time Symbol Side Price Position
2020-07-17 12:35:21 CHGG buy $72.100 long
2020-07-20 10:34:54 CHGG sell $75.080 long
2020-07-20 11:37:43 CHGG sell $77.200 0


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