TMHC Trade on Aug 20, 2020 16:00 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: Daily
• Earnings Date: 10/30

Reason For Entry:

• Playing the Daily chart, TMHC is in the buy zone following a pullback from a 3 and 8 EMA cross over the 20 MA. TTM is in a squeeze on the daily and gaining momentum. Looking for continuation to new highs. Risking less than 1% of portfolio on this trade.

Reason For Exit:

• 8/21 out 1/3 size position at the Target 1 area. 8/27 - price action flushed out with volume. Closed trade for small loss.

Recap:

• Entry and first exit were correct (at buy zone and target 1 area). Price action flushed out with volume and I closed the trade for a small loss as the market is very extended and red on the day (due for a pullback).