C Trade on Jul 29, 2020 15:09 from tradelikelarry: Tradervue User Stock Trades.

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Trade Planning:

Daily Chart: Uptrend, Consolidation below recent highs.
TTM Squeeze: Daily
**Earnings Date: **
**IV: **
**Potential Profit: **
**Potential Loss: **

Reason For Entry:

Playing the Daily chart. C bounced off the 20 and 50 MA following a 3 and 8 EMA cross over the 20 MA. TTM is in a squeeze and gaining momentum and price action is testing a resistance level. Risking 1% of my portfolio on this trade.

Reason For Exit:

News came out and downgraded banks. Price action dropped below my stop and I closed the position for a loss.

Recap:

The setup and entry were correct. Unfortunately, bad news came out (downgrading banks) and I closed the position for a loss. Loss of about 1.2% of portfolio.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-07-29 15:09:23	C	buy	$51.978	long
2020-07-30 10:56:16	C	sell	$49.950	long
2020-07-30 10:56:21	C	sell	$49.950	long
2020-07-30 11:38:35	C	sell	$49.980	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=C&trade=18018972&end=20200829&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=C&trade=18018972&end=20200829&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=C&trade=18018972&end=20200829&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=C&trade=18018972&end=20201227&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

C Trade on Jul 29, 2020 15:09 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

Reason For Entry:

Reason For Exit:

Recap:

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