EH Trade on Dec 8, 2020 10:23 from VadimT7: Tradervue User Stock Trades.

Daily chart shows clear sky => Very good as no resistance nearby but still very extended from the 9-EMA which means that it will eventually pullback (which it did fast-forward to 15th December).

Improve:
1) Bought during a sell-setup after a failed breakout and very low volume, but also on a higher-low (new support) which indicates a mixed feeling among traders => Don't enter but, wait for the stock to breakout again and show dominant bullish sentiment before trading it. It broke out on the 5-min chart but then it turned out to be a bull trap indicating bearishness.

Respecting the 87% rule, the stock broke out after re-coming to the same price point as on the previously attempted breakout, and this time it worked => Beautiful.
On the next move, the volume was strong on the green bar indicating trend continuation. Watch out for volume anomalies on Doji candles - at this point, raise the SL to the Doji candle's low to keep profits and still give place for the move to continue.

2) Set a specific price target and SL before entering the trade (as usual), BUT let the stock reach the PT which is the previous high especially with the volume still being strong. Sell half at PT, then ride the shares until very high selling volume appears with longer wicks on top or multiple-time tests of a level. Increase SL gradually.

Financial Prosperity is Me!

Important Observation: Only trade if the green candles in an uptrend (HHs and HLs) have no or very short wicks on top. Otherwise, it indicates bearishness and hesitation in the market.

We trade only strong bullish stocks.