WISA Trade on Nov 10, 2020 09:33 from VadimT7: Tradervue User Stock Trades.

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VadimT7

 

First of all, RESPECT the 5-min HIGHER LOW RULE

When it goes up, I gotta sell, not buy the stock! Really fast pops up aren't maintainable and are there for only a few seconds => bad place to enter long.

Be ready to go through pullbacks for a higher risk but also higher reward only if the criteria for the trade are fulfilled.
  • When trading, keep in mind where the candles usually close, not where they are at the present moment. Almost always, the stock is volatile and jumps up or down but often closes at a balance at significant S/R and Supply/Demand levels.

The stock broke the 1-min trend line and continued the move down.
Takeaway:Monitor the changes in trend to see if the stock is still continuing in our trend or whether we should sell it immediately after breaking down right through the trend line.

To Improve:
1) Don't buy at open after a gap-up. Expect the profit takers to take the stock down.
2) If the stock is definitely not going in my favor, exit quickly, and then, if a better opportunity comes up, take it and enter the trade rationally if strategy criteria respected.
3) Don't buy at resistance levels (gap resistance) => was expected to pullback. Buy on the pullback instead, if all criteria are respected.
4) Be mindful and considerate of ALL resistance and support levels, but especially resistance when entering or looking for a partial exit in a long trade.


Execution detail:

Date/time Symbol Side Price Position
2020-11-10 09:33:07 WISA buy $3.050 long
2020-11-10 09:35:00 WISA buy $2.890 long
2020-11-10 09:37:54 WISA sell $2.930 long
2020-11-10 09:39:13 WISA buy $2.795 long
2020-11-10 09:42:59 WISA sell $2.834 long
2020-11-10 09:48:25 WISA sell $2.950 long
2020-11-10 09:51:48 WISA sell $2.915 0
2020-11-10 09:58:46 WISA buy $3.320 long
2020-11-10 09:59:40 WISA buy $3.060 long
2020-11-10 10:00:41 WISA buy $3.020 long
2020-11-10 10:11:03 WISA sell $3.000 long
2020-11-10 10:12:22 WISA sell $3.020 long
2020-11-10 10:14:54 WISA sell $3.120 long
2020-11-10 10:29:06 WISA sell $3.300 long
2020-11-10 10:29:17 WISA sell $3.240 0


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