Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent high.
- TTM Squeeze: 30m
- Earnings Date: 6/3-
Reason For Entry:
- Playing 30m chart. ZM is in a pattern of consolidation in a channel below recent highs. TTM in a squeeze on 30m chart. Price entered buy zone (lower BB) and entered 1 contract (small position) risking 0.25% of portfolio.
Reason For Exit:
- ZM price failed the support area. TTM fired short. Followed my rules and closed the trade.
Recap:
- Nice entry at the lower BB. Since it is a day trade I was risking 0.25% of portfolio. Followed my rules and closed the trade as price failed the support area and TTM fired short.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-03-13 11:59:58 | 20 MAR 20 115 CALL | buy | $4.200 | long |
2020-03-13 12:49:32 | 20 MAR 20 115 CALL | sell | $3.600 | 0 |
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