PLTR Trade on Jan 13, 2021 09:38 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

$26.5 BREAK-OUT ATTEMPT#1

Not on main watch. Alert hit when it broke thru R1=$26.5 on BIG volume + RVOL>2.0 (stock in-play) trying to resolve a 1.5 month-old daily triangle. R2=$28, R3=$29.

Got long Tier 0 at the pullback to R1=$26.5 risking previous close=$26-26.2, expecting to hold and push to R2.

Looked good for a moment, pushed higher, HOD=$27.4 but got hit together with overall market and rolled-over back to R1. I thought:

what a market gift, added Tier I tightening stop to bottom of pullback $26.4s. Played the flag adding small size vs the uptrend, expecting a retest of HOD at a minimum to sell some, then move to R2 to take out bulk.

I saw volume drying up (where was the VOLUME!!?) + a quick fake-out at $27 (if it was meant to go it would have gone right there) were enough to cut the whole position the moment it broke the uptrend for a b/e trade.

image


Execution detail:

Date/time Symbol Side Price Position
2021-01-13 09:38:20 PLTR buy $26.600 long
2021-01-13 10:06:32 PLTR buy $26.610 long
2021-01-13 10:14:02 PLTR buy $26.710 long
2021-01-13 10:23:52 PLTR buy $26.790 long
2021-01-13 10:26:53 PLTR buy $26.890 long
2021-01-13 10:39:04 PLTR buy $26.860 long
2021-01-13 10:43:08 PLTR buy $26.940 long
2021-01-13 10:49:00 PLTR sell $26.850 long
2021-01-13 10:52:06 PLTR buy $26.960 long
2021-01-13 11:00:56 PLTR sell $26.770 0


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