SOS Trade on Jan 7, 2021 09:35 from Trade_Hunter: Tradervue User Stock Trades.

Gravatar

Shared by
Trade_Hunter

 

Note: Relative noob here, just putting my thoughts on paper.

Good trade here. I got in at 3.25 which was right over VWAP, and set my stop at 3.15. I anticipated the VWAP bounce, and it ended up jumping up to around 3.60 within a few minutes. That jump put me over my daily profit goal so I sold out.
Even though I was at my goal I continued to watch for more setups. It continued to climb until it met resistance at $4.00. After that it tapered down to around $3.75, where I anticipated support and a retest of $4.00. I jumped in at $3.79 and just rode it back up to $4.00. For this second trade, I actually used something that I learned from my trade with AIKI yesterday. Instead of setting a hard limit sell, I just moved my stop loss up with the price and let it run to maximize profits. It worked well and I'm happy with my execution of this trade.

What could have been better?
Overall I think this trade couldn't have gone much better. I had tight stops in case I was wrong, I didn't get greedy or impatient, and generally I think this was just the right stock in play today.


Execution detail:

Date/time Symbol Side Price Position
2021-01-07 09:35:30 SOS buy $3.250 long
2021-01-07 09:37:06 SOS sell $3.580 0
2021-01-07 09:44:58 SOS buy $3.790 long
2021-01-07 09:45:57 SOS sell $4.010 0


Comments

2021-01-07 20:17:55
 

Nice trades, noob.

Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in