NIO Trade on Jan 21, 2021 11:01 from grigenas: Tradervue User Stock Trades.

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grigenas

 

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1st Pullback 9 EMA A Surf's Up Upper Band Reached

Video Review/Mentor Provided Notes:

  • Pullback long trend trade setup entering on the 9 EMA holding and for a red to green setup at the PCL.

(1) Trade Plan:

  • Pullback long trend trade setup entering on the 9 EMA holding and for a red to green setup at the PCL.

(2) Overall Rating:

10/10

(3) What was Good:

  • Great patience on the entry for a trendline break and the test of the PCL a second time.
  • Good profit taking.

(4) What was Bad:

  • Price didn't hold the 9 EMA as clean as I would have liked for the pullback.
  • Could potentially be seen as an overextended move if it wasn't for the PCL level.

(5) Improvement Areas:

  • None.

(6) Rule(s) Broken:

  • None.

(7) Stop Loss:

Was your stop loss according to your trading plan?
- Yes.

(8) Entry:

Did the entry meet the pre-trade checklist?
- Yes.
Was the entry too early? 
- No.

(9) Profit Taking:

Did you exit according to plan (Upper Band/Lower Band/Middle Band/Stop Loss)?
- Yes.
Why did you exit?
- Scale-out as the Upper Bollinger Band was reached.

(10) Psychology:

Were you patient on the entry?
- Yes.
Were you patient on the exit?
- Yes.
Did you trade the P/L (focus on the outcome not process) either retaining profits or trying to make back losses?
- No.

DAS Screenshot:

image


Execution detail:

Date/time Symbol Qty Price Position
2021-01-21 11:01:47 NIO 277 $57.740 277
2021-01-21 11:03:36 NIO -138 $58.030 139
2021-01-21 11:04:24 NIO -69 $58.200 70
2021-01-21 11:04:37 NIO -35 $58.190 35
2021-01-21 11:05:26 NIO -35 $58.110 0


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