SUNW Trade on Jan 8, 2021 09:49 from yoosh: Tradervue User Stock Trades.

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yoosh

 

6:30am - $SUNW - Red to green move. THis was a runner yesterday and closed at $9. It is currently under that price, so I am hoping people short and then at the open it is able to reclaim R/G and have another run. THere is lower resistance at $8.50 and then again at $8. If this dips those are key level to watch and buy the bounce from. Use the 5 min candle theory. If it stay around the HOD then breakout above $9.15

This gapped down quite a bit in the morning and dipped all the way to $7.6. At this point a R/G move was not really smart because it shows there was a lot of weakness.

I remember that I was wathcing a lot of charts, and as soon as it passed R/G I bought it - what I really should have done is analysed and seen that it was weak and buying it was no good.

My executions were pretty bad. I bought at the top and then sold into the dip, and then bought at the top again. A R/G after the first breakout might actually test the R/G to confirm. Entry at this point is probably better.

I also didn't have a plan for this. I just bought 100 shares.

Another mistake I made was to try play the R/G. I should focus on one pattern and that is the dip and rip/ open reclaim.


Execution detail:

Date/time Symbol Side Price Position
2021-01-08 09:49:00 SUNW buy $8.470 long
2021-01-08 09:59:37 SUNW sell $8.190 0
2021-01-08 10:11:11 SUNW buy $8.680 long
2021-01-08 10:14:00 SUNW sell $8.680 0


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