ZM Trade on Mar 13, 2020 11:59 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

 

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.
image


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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