SE Trade on Oct 5, 2020 16:45 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: Daily
• Earnings Date: 11/17
• Potential Profit: $76
• Potential Loss: $324

Reason For Entry:

• Playing the Daily chart, Put Credit Spread. Price action consolidated at the 8 EMA after breaking through a resistance level. I opened the PCS with a target level below the 21 EMA.

Reason For Exit:

• Price action continued higher and I closed the PCS for a profit.

Recap:

• The setup was correct as price action consolidated at the 8 EMA after breaking through a resistance level. I opened the PCS with a Target level below the 21 EMA. Price action continued higher and I closed the PCS for a profit.