BJ Trade on Aug 20, 2020 10:37 from mrideout: Tradervue User Stock Trades.

Very stupid trade.

Went to take BJ long at the break of the 200 EMA, but it barely popped above when I did. When it reversed below, I should have exited.

This trade was invalid because there was not much build up of support below the 200 EMA (e.g. ascending triangle), instead it popped up quickly. Usually price will reverse when that happens. My entry was also at the opening price.

Price fell to VWAP and bounced off, then retested the 200 EMA on the 5 min, creating a lower high. This would have been a good place to get short for a scalp back to VWAP or until momentum stalls.