WORX Trade on Aug 26, 2020 10:16 from CapitalMastery: Tradervue User Stock Trades.

Summary

Waited for backside via a fluc 5min/1min cup entry trigger, and recycled shares on pops to get the most out of the move. Ultimately moved final covers up to $2 as 60min20ma target caught up. This ended up being a great decision, as the subsequent flush below $2 was the best covers for remainder of day.

Why Was I in This Trade?

Big gapper + 5min20ma fluc backside entry trigger

Did Right

Stayed patient, and waited for backside.
Recycled shares on pops to maximize the trade's PNL.
Kept my size in check since I'm still learning.

Did Wrong

Honestly, I feel I did a great job on this trade.

Improvements

Could have taken a starter entry at the $2.48 30minbab trigger, with a stop at bab high + $0.11 wiggle
Could have gotten a better entry price at $2.30, which was the 5min/1min cup break.

Next Trade

WORX should have a decent LHF trade tomorrow, if it can pop to $2.20, $2.30 and a stop above $2.41

Playbook

Multiple Time Frames
WORX (BG MTF)

1Min
WORX (BG 1MIN)

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-08-26 10:16:31	WORX	sell	$2.230	short
2020-08-26 10:17:00	WORX	sell	$2.230	short
2020-08-26 10:19:52	WORX	sell	$2.250	short
2020-08-26 10:20:05	WORX	sell	$2.235	short
2020-08-26 10:29:31	WORX	sell	$2.211	short
2020-08-26 10:42:06	WORX	buy	$2.100	short
2020-08-26 10:59:33	WORX	sell	$2.210	short
2020-08-26 11:01:05	WORX	sell	$2.220	short
2020-08-26 11:01:05	WORX	sell	$2.220	short
2020-08-26 11:13:39	WORX	buy	$2.090	short
2020-08-26 11:36:10	WORX	buy	$2.030	short
2020-08-26 11:40:21	WORX	buy	$2.020	short
2020-08-26 11:43:05	WORX	buy	$2.010	short
2020-08-26 12:11:26	WORX	sell	$2.100	short
2020-08-26 12:11:47	WORX	sell	$2.120	short
2020-08-26 12:15:09	WORX	sell	$2.140	short
2020-08-26 12:15:10	WORX	sell	$2.140	short
2020-08-26 12:15:20	WORX	sell	$2.160	short
2020-08-26 13:42:51	WORX	buy	$2.030	short
2020-08-26 14:07:11	WORX	sell	$2.070	short
2020-08-26 14:16:12	WORX	buy	$2.046	short
2020-08-26 14:16:12	WORX	buy	$2.050	short
2020-08-26 14:16:12	WORX	buy	$2.049	short
2020-08-26 14:16:12	WORX	buy	$2.049	short
2020-08-26 14:16:12	WORX	buy	$2.049	short
2020-08-26 14:16:13	WORX	buy	$2.049	short
2020-08-26 14:16:13	WORX	buy	$2.050	short
2020-08-26 14:16:13	WORX	buy	$2.050	short
2020-08-26 14:16:30	WORX	buy	$2.050	short
2020-08-26 14:16:30	WORX	buy	$2.045	short
2020-08-26 14:16:30	WORX	buy	$2.050	short
2020-08-26 14:16:32	WORX	buy	$2.050	short
2020-08-26 14:17:26	WORX	buy	$2.050	short
2020-08-26 14:17:27	WORX	buy	$2.050	short
2020-08-26 14:17:27	WORX	buy	$2.050	short
2020-08-26 14:17:27	WORX	buy	$2.050	short
2020-08-26 14:17:27	WORX	buy	$2.050	short
2020-08-26 14:17:50	WORX	buy	$2.030	short
2020-08-26 14:17:50	WORX	buy	$2.030	short
2020-08-26 14:17:50	WORX	buy	$2.020	short
2020-08-26 14:17:50	WORX	buy	$2.020	short
2020-08-26 14:17:50	WORX	buy	$2.020	short
2020-08-26 14:17:51	WORX	buy	$2.010	short
2020-08-26 14:17:51	WORX	buy	$2.010	short
2020-08-26 14:17:51	WORX	buy	$2.010	short
2020-08-26 14:17:51	WORX	buy	$2.010	short
2020-08-26 14:17:51	WORX	buy	$2.000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WORX&trade=18905700&end=20200925&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WORX&trade=18905700&end=20200826160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=WORX&trade=18905700&end=20200826141751&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=WORX&trade=18905700&end=20200826160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}