DGLY Trade on Oct 28, 2020 10:54 from VadimT7: Tradervue User Stock Trades.

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VadimT7

 

Only buy dips. Use the RSI or Cyclic RSI to estimate with more precision when the stock will start to dip down. At a pullback, the RSI should come back to the middle values range (approx. 55) and, when it comes back to the EMAs or VWAP on the 5 min chart and it still is trading on high volume (look at the tape and Level 2 to verify if there is volume and the direction of the stock), then make an entry => solid chances of getting a good trade.

Good first and second exit trades at the resistance level as the stock showed weakness when approaching the previously tested resistance level (volume is really high = ending volume).

There is always high ending volume at the resistance levels but not necessarily at support levels. When we see such elevated volume, it is a sign to exit the position.
Important: Let the candle close before exiting the position. It doesn't reverse immediately; it takes time and the ending volume bar often closes near its open.


Execution detail:

Date/time Symbol Side Price Position
2020-10-28 10:54:32 DGLY buy $2.460 long
2020-10-28 11:05:49 DGLY buy $2.395 long
2020-10-28 11:43:30 DGLY sell $2.440 long
2020-10-28 11:58:34 DGLY sell $2.550 long
2020-10-28 11:59:18 DGLY sell $2.510 long
2020-10-28 14:44:33 DGLY sell $2.530 0


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