ZM Trade on Dec 8, 2020 09:52 from spyrosz: Tradervue User Stock Trades.

Do-or-Die daily chart. Very tight. Seller at $419 trying to hold it down.
Came here looking for a short initially through S1=$405 and S2=asc. support line=$402, that would resolve the bear-flag formed after earnings gap-down.

But this thing opened strong, reclaimed R1=20SMA@weekly=$409 and pushed higher showing relative strength vs QQQs (that were selling off same time). So, I tried a cute "long" instead to see if it could break the $419 seller.

Got long filler size once it broke and hold above R1=20SMA@weekly=$409, risking LOD=$407, added Tier 0 once it resolved the bull-flag below R2=$414, targeting R3=$419.

Nice push thru R2 and extention to R3, added half-tiers at both R2-retests as it was consolidating allowing 9EMAs@5/15min charts to play catch up, tightening stop to $412.

Sold 1/4 at R3=$419 and sat tight, hoping it would be able to hold prices close to R3 and break-out later in the day. Stop at $412.

Sell-off below R2=$414, and flush below $412 was just too much. Trimmed once it broke below $412 trying to give it some room, re-added the trimmed size back once it reclaimed R2+VWAP, but when it rolled-over, I took the loss and moved forward.

Papercut.

(-) I should have sold more (ex. 50%) at R3=$419 since it was a major level and try to reload back at R2. I was up a nice chunk here, even though I hadn't realized it at the time