V Trade on Aug 19, 2020 09:43 from spyrosz: Tradervue User Stock Trades.

NOT ALL STOCKS ARE MOMENTUM STOCKS...MUST BE MINDFUL OF THAT AND PLAN+SIZE ACCORDINGLY.

Very tight on daily+weekly charts below $200 major resistance level.
HUGE trade potential with R2=entry of daily gap=$203.77 and R3=$207.7s.
Premarket plan was to get "long" for a Resist. Lvl Break-out of R1=$200 pattern.

----> meaning I want to see break above R1 on HUGE volume, consolidation above the level, then next leg higher....

Opened strong and immediately pushed towards R1=$200. RVOL=0.7 not great.
However, it managed to break through R1 on 1st try, so

got long filler just to watch it closely, risking LOD=$199, wanting to add more (a lot more) during consolidation above R1 per premarket plan.

However, V didn't manage to hold prices and rolled over. Held support at 9EMA@15min chart and pushed right back to R1 in what I identified as Indy-long pattern.

Added Tier 0 size, risking tighter stop below the 9EMA@15min chart $199.5, expecting break and clean hold above R1 this time...

Well, same story happenned another 2-times with V failing to break above R1 and me adding right on top of the move!!
---> it's not a momentum play (RVOL<1.0), so instead of trying to anticipate the move, wait for it to show some commitment/confirmation, to clear the level, hold above it!!!

To make things worse, I got stopped out at the bottom of the pullback.
After I got stopped out, I saw it pushing right back to R1=$200. 30/60min charts were looking good/intact (Indy-long on those larger timeframes), so I decided to give it one more try.

Got long previous size, risking tight stop $199.8, added as it started working out in my favor, expecting the push to R1.

Worked great..Sold on the way up and decided to hold 50% for a swing..
Market weakness might ruined this trade, will see tomorrow.
Stop at $199.5s!

Buyers defended the all-important $200 support level.
Took small in-front of $202 resistance pivot (from previous trading day) and R3=door for the gap-fill on daily=$203.77.
Great close above R3 and into the daily gap.
Still holding about 40% of initial size, target R4=$207.5.

Took some at $205, since market was weak and V couldn't push towards $207.5 to close the gap on daily, failing multiple times at $206.3s.
Very promising close however, probably will get to target tomorrow.

Update 08/25/2020
Hit swing target $207.77, closing the gap on daily.
Still holding small, target $210, then ATHs=$214.

Next stop ATHs=$214

Update 09/03/2020
All good things to an end.