CGC Trade on May 1, 2019 10:06 from kerobo0000: Tradervue User Stock Trades.

Rationale:
-had two big volume days followed by a pullback yesterday on lighter volume
-was consolidating slightly above 50.4 support in A/H yesterday
-high SI
-plan was for a test lower and continued momentum as it held above $50

Recap:
-note: this was not a chart pattern based trade
-after falling below VWAP, it did not close below hourly support at 50.4 on 5m chart
-after it reclaimed VWAP, there was resistance (hourly chart / upper bound of morning range) at $51, but there were also large lots (>2K) trading at that level on the ask which was the signal that it was likely to break and hold
-got in once I saw the signal, could have got better price if I waited for pullback (continue to monitor to see if there is more likely a pullback than not after seeing orders at a key level)
-made 0.65 ATR move intraday - didn't really reach ATR target or significant support before it made LH

How much risk should/did I take? 2780 (just under 15%) - enough risk - really should only go higher if there is catalyst + market exploding to upside

Trade Planning
-major support: 50.4
-resistance - 52.33
-add point: NA
-stop loss: 0.20 per contract
-take profit price / risk-reduction plan: took profit into up moves, exited remainder when price made LH