GRWG Trade on Sep 30, 2020 13:20 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

 

Trade Planning:

  • Daily Chart: Uptrend, Consolidation below recent highs.
  • TTM Squeeze: Daily

Reason For Entry:

  • Playing the Daily chart, price action entered the buy zone following a 3 and 8 EMA cross over the 20 MA. Watching for a move to new highs.

Reason For Exit:

  • I exited in 2 lots. First at Target 1 and second at Target 2. The white horizontal lines indicate the target levels.

Recap:

  • Entry was correct as I entered in the buy zone following a 3 and 8 EMA cross over the 20 MA. Exit 1 was at Target 1 (white horizontal line). Price action retraced into the buy zone again and I added to my position. Price action moved up to Target 2 and I closed the full position for a nice profit. I stayed patient with this play and it paid off. image

Execution detail:

Date/time Symbol Side Price Position
2020-09-30 13:20:55 GRWG buy $16.580 long
2020-10-02 11:01:31 GRWG buy $15.360 long
2020-10-07 11:25:17 GRWG sell $17.850 long
2020-10-15 10:30:50 GRWG buy $16.950 long
2020-10-20 10:30:52 GRWG sell $19.470 long
2020-10-20 11:50:33 GRWG sell $17.765 0


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