SPOT Trade on Dec 1, 2020 10:37 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Weekly looks ready. Daily looks amazing with low-volume inside day today after yesterday's push and retest of R1=$292.5. R2=ATHs=$299.67, thru $300 and it can see >$320+ easily.
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A pullback to S1=daily inflection point=approx. 50% retracement of yesterday's candle=$284 was all I wanted to get "long" small vs $280, expecting the explosive break-out the following days thru R1=ATHs=$292.5.

Opened weak and flushed towards S1=$284.

Filler bid got hit in-front of S1=$284, risking $280, thinking it shouldn't retrace more if it was really special.

Put a LOD=$282. Traded the "Double Bottom" properly, added once it reclaimed VWAP and held above, thinking this might close at yesterday's close. Ungly close right at S1 as market rolled-over.

Still in small risking $282, but possible market weakness might have killed this idea.
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Day I= Big green candle on increasing volume right into resistance R1=major daily resistance/weekly level/inflection point=$292.5.
Day II= Low-volume inside day that held 50% retracement of yesterday's range
Day III= explosive break-out

I had already accumulated small size from Day II anticipating the break-out in the following days. For that size stop was Day II LOD=$282.

Alerts at $290 and $292.5. Premarket plan was to sit tight until it cleared R1=$292.5, enter "long" at the pullback to R1, targeting $320+.

Choppy action at the open for the first 30mins. Broke below S1=Day II LOD=$282, and I got stopped out of the size I had accumulated on Day II per plan.
However, it managed to reclaim the level, and when I saw the push through VWAP,

I quickly re-entered the size, risking LOD=$281.2, expecting the rally to R1=$292.5.

Made its way to R1 slowly, and when it pushed above on increasing volume, it was game on. Sold small size at the extention to $295, and put bids close to R1 to add more long.

Added another tier, risking bottom of breakout candle $290.5, expecting the push to R2=$300 and possible fresh ATHs.

Tried to buy more as close to R1 as possible, but bids didn't get hit, as SPOT started grinding higher towards R2.
Small profits closer to R2=$300, and then BOOM!! this thing exploded through $300 all the way to $330. Completely caught me off-guard as I wasn't expecting such a move.

Sold 50% of size at 1st target $320.

Tried again to reload some shares $304-305 as it was pulling back, at least for a quick scalp to VWAP. No luck. Didn't get filled once again and remained on the sidelines.

Held remaining size as a swing with targeting $350s.

What could I have done better here?
1. This was a major breakout in daily/weekly chart. New ATHs + Big upside potential. I should have gotten more size when it broke R1=$292.5. Instead, I remained conservative placing bids $292.5-293 getting filled only once.
2. I should have played the tight bull-flag (even for a scalp) after the 1st leg up and the break-out above $300. Very tight consolidation, very defined risk (approx. $2) and calculated long entry for at least +$15/share.

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Broke $330 resistance and pushed to $340. Trimmed more. Last piece targeting $350.

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Execution detail:

Date/time Symbol Side Price Position
2020-12-01 10:37:27 SPOT buy $284.110 long
2020-12-01 12:27:05 SPOT buy $284.710 long
2020-12-01 13:33:34 SPOT buy $286.410 long
2020-12-02 09:36:31 SPOT sell $281.470 0
2020-12-02 09:57:20 SPOT buy $284.670 long
2020-12-02 10:19:52 SPOT sell $294.890 long
2020-12-02 10:27:24 SPOT buy $292.650 long
2020-12-02 10:48:14 SPOT sell $297.290 long
2020-12-02 10:59:03 SPOT sell $299.890 long
2020-12-02 11:47:56 SPOT sell $319.360 long
2020-12-07 11:36:59 SPOT sell $336.350 long
2020-12-14 13:02:16 SPOT buy $324.550 long
2020-12-14 13:14:40 SPOT sell $322.020 0


Comments

Gravatar tradervue2020
2020-12-02 21:52:43
 

Prophetic! Just amazed at your skill.

2020-12-02 22:11:56
 

Thanks!! Still stupid mistake at the open having stop for yesterday’s size too tight below $282. Gave back all my yesterday’s effort to built a small position. Thank god I re-entered the size few minutes later.

Gravatar tradervue2020
2020-12-17 19:23:31
 

Hi Spyrosz,

Any recommended courses to learn trading?

Thanks

2020-12-19 12:56:54
 

I haven't used any trading course so that I can recommend one.
Some people I follow on Twitter and have added value to my trading one way or another is a) Steven Spencer, b) HCPG, c) Scott Redler, d) Mike Katz, e) Traderstewie.
Some of them offer subscription to various products, but never used any so can't recommend either.

Gravatar tradervue2020
2020-12-19 13:53:51
 

Thank you. I will check them out. Keep winning Spyroz!

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