ZM Trade on Sep 24, 2020 09:35 from itradeoptionz: Tradervue User Stock Trades.

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itradeoptionz

 

MACD, Moving Averages and RSI are part of my system including drawing support and resistance areas primarily on 15 min, 1 hour chart and daily.

Before market open Zoom was giving a clear indication of going under. MACD was below the signal line and below divergence on several time frames. If am not mistaken up to the 30 minute or 1 hour chart. However the 4 hour chart and above where still above divergence and no death cross on them. This told me that that we would definitely have a push down but it would not be dramatic as some probably expected because the on the longer time frame the MACD was still above divergence.

The first minute or or two I allowed the stock to move as it pleased and I entered with 1 contract to start testing the waters, I see that ZM pushed up but still confident on my trade due to the MACD showing me the short term downtrend so I started to add. Managed to add all the way to 4.50 and my average was somewhere in the high 5's.

The stock then plunged as expected and immediately started scaling out of my position.

Throughout my trading journey I have learned to not hold unto everything until you think that its best to get out because the stock market is still unpredictable at the end of the day and if you were to hold then you are gambling instead of starting to secure very clean profit.


Execution detail:

Date/time Symbol Side Price Position
2020-09-24 09:35:35 25 SEP 20 475 PUT buy $7.000 long
2020-09-24 09:37:08 25 SEP 20 475 PUT buy $6.000 long
2020-09-24 09:47:18 25 SEP 20 475 PUT buy $4.900 long
2020-09-24 09:49:52 25 SEP 20 475 PUT buy $4.500 long
2020-09-24 09:54:27 25 SEP 20 475 PUT buy $5.600 long
2020-09-24 09:57:48 25 SEP 20 475 PUT buy $6.500 long
2020-09-24 09:58:43 25 SEP 20 475 PUT buy $6.500 long
2020-09-24 09:59:49 25 SEP 20 475 PUT buy $5.900 long
2020-09-24 10:00:42 25 SEP 20 475 PUT buy $5.000 long
2020-09-24 10:22:03 25 SEP 20 475 PUT buy $6.500 long
2020-09-24 10:22:19 25 SEP 20 475 PUT buy $7.200 long
2020-09-24 10:28:51 25 SEP 20 475 PUT sell $12.000 long
2020-09-24 10:33:50 25 SEP 20 475 PUT buy $11.000 long
2020-09-24 10:38:10 25 SEP 20 475 PUT sell $13.500 long
2020-09-24 10:38:41 25 SEP 20 475 PUT sell $15.500 long
2020-09-24 10:39:23 25 SEP 20 475 PUT sell $14.600 long
2020-09-24 10:39:25 25 SEP 20 475 PUT sell $15.000 long
2020-09-24 10:41:03 25 SEP 20 475 PUT sell $12.820 long
2020-09-24 10:41:03 25 SEP 20 475 PUT sell $12.820 long
2020-09-24 10:41:11 25 SEP 20 475 PUT sell $11.200 0


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