WEI Trade on Oct 20, 2020 11:10 from Mance_Trader: Tradervue User Stock Trades.

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Mance_Trader

 

Conclusion: Mind the Volume

Conclusion: Watch for Large Red Candles

Action:
Bought 1 min HoH (within the same candle, a red-to-green candle) after Halt, FPT $2.50
Scaled out at FPT, Stop to Low of Previous 1 min Candle
Stopped out

Analysis:
The Pullback was a single Large Red Candle on High Volume, this indicate weakness or imminent consolidation
The 5 min Pullback that was occurring may have been a much better play
The topping tail on the candle in which I scaled out should have warned me that resistance was present


Execution detail:

Date/time Symbol Side Price Position
2020-10-20 11:10:31 WEI buy $2.320 long
2020-10-20 11:10:32 WEI buy $2.320 long
2020-10-20 11:10:32 WEI buy $2.320 long
2020-10-20 11:10:32 WEI buy $2.320 long
2020-10-20 11:11:07 WEI sell $2.560 long
2020-10-20 11:11:08 WEI sell $2.580 long
2020-10-20 11:12:01 WEI sell $2.530 0


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