AIKI Trade on Jan 6, 2021 09:35 from Trade_Hunter: Tradervue User Stock Trades.

I'm happy with this trade. As a relative noob, I think I executed it pretty well. I had the support level drawn out at $1.33, and based the trade around the bounce off of this support.

What I could have improved on was better initial entry. I had a limit buy order at $1.48, which was the current support level (VWAP - Although this stock was noticeably not respecting vwap at all.) It ended up dropping well past that down to the next (and stronger) support level of $1.33. I anticipated that it would respect this new support level and bounce up, so I reinforced my long position at $1.38, and set my stop loss at $1.30 (below the support level). It did respect this support, and bounced up to VWAP, which happened to be my break even point. I watched it and moved my stop loss up in case it rejected VWAP. It broke past VWAP so I reinforced my long position again, putting me at a total of 10,000 shares. My profit goal for the day was $500 so I was basing my exit around that. I ended up selling out at $1.51 for a total profit of $800.

After I sold, it ended up going all the way up to $1.75. I don't regret selling when I did, but it would not have been a bad idea to have simply moved my stop loss up with the price and take the extra gains without any real risk of not hitting my goal. Now I know for next time!!!