FB Trade on Jan 6, 2021 09:36 from spyrosz: Tradervue User Stock Trades.

Main trade idea for the day as it was gapping below S1=major 2-month old support level=$265, that buyers defended numerous times the last 2-months.

Premarket plan was to get "short" the opening pop as close as possible to R1=$265, risking premarket highs=$266, expecting buyers in losing positions to unload there. Target at S1=$260, possible S2=$255-256.

Opened weak, wicked to S1=$260, held and then wicked right to R1=$265.

Offer for Tier 0 size got hit, risking premarket high=$266, added another half tier when it rejected R1 again, risking same stop, added momo tier at the VWAP break, expecting the retest of S1=LOD=$260 at a minimum.

Held VWAP and bounced higher. Stopped out of the whole position the moment it made new HOD.

(-) I should have cut the momo add instantly when it held VWAP and bounced back to R1, instead of carrying it over.

(+) Great idea, great executions, small Tier 0 loss. Nice trading