NET Trade on Jun 19, 2020 10:05 from mrideout: Tradervue User Stock Trades.

Daily:

Prior to the 19th, NET broke out from resistance @ 30.00 on high volume. Price was extended from daily 9 EMA. Volume on the 18th was less that prior day, and the candle formed a hanging man. A sign of a possible pull back.

intraday

Price initially sold off then formed an ascending triangle with resistance at 38. I bought in for the break out, though I was late. Two candles later, a high volume hanging man formed that was extended from the 9 EMA. This was an exit signal. Stubbornness/greed took over and I overstayed, stopping out well past breakeven.

Areas of improvement

Getting in for the breakout was fine, though there was opportunity on the 1 min to get in sooner around 37.86 @ 10:03am. Volume started to pick up here. If I had done this, i could have added on the break of 38.

When price went vertical and extended from the 9 EMA, this was a signal to exit, along with the hanging man that formed. At the absolute worst, I should have exited at breakeven.

There was an excellent opportunity to go short with the price being extended and hanging man combo. Entry at first 5 min new low after hanging man. Exit at LOD or at 200 EMA on 5 min chart. Possible re-entry after the low volume bounce off 200 EMA.