JMIA Trade on Oct 26, 2020 10:06 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Short on pops after morning emotion wear off, into 945-10am
*Entry: At pops/VWAP tests
*Risk: 1:3

Catalyst and News:

Citron increased price target, focused on price action instead but took caution

Fundamentals:

n/a

Technicals:

Upwards streak on daily, but failed follow through from P/M and indications of failure throughout the morning.

Summation:

Entered at 18.80 just over the VWAP test at small size (5), then scaled up again at the second one following (20). Considered a 3rd but knowing the tendency for swipes, held cautious until the breakdown below 18.

Took off three exits at 5/s each into the drops at the 17.70s, each due to the progressive resistance to new lows. Set a last ranged stop between the 17.90s and 17.40s with the

Takeaways:

-Is it hesitation or complete risk aversion that prevented the size up on the way down? Have I created a habit of fear of chasing which has this side effect? Or am I looking at this the wrong way? At some point, I will need to start taking greater risks for greater rewards, but I don't think that day is today. Consistency is the goal first and foremost.