BBGI Trade on Nov 3, 2020 10:50 from VadimT7: Tradervue User Stock Trades.

Entry too close to resistance => don't enter a trade at this level. This time, it was well managed with a scalp instead of a longer day trade given that the resistance level has been perceived correctly. Many traders see this level as it is very very clear
=> take into account the traders' primitive psychology based on fear, chasing something that moves on big volume and basic concepts (like S/R levels).

On our side, use supply and demand levels and look for bear/bull traps to enter or avoid a certain trade given the fact that there is always a strong psychological motivation behind them
=> ALWAYS BE LOOKING FOR THIS MOTIVATION TO BUY OR TO SELL.

Additionally, the resistance is a round number, $2.00. This adds even more weakness to the stock when it comes to making a breakout through this strong level.

Move ended with high volume on a doji bar => What does this mean? Correct, the stock is reversing at the resistance level.

Only enter:
1) At Pullbacks
2) Breakouts after a bounce on the new support