IWM Trade on Jan 25, 2021 12:02 from spyrosz: Tradervue User Stock Trades.

Tiny tiny loss having good size. I am really proud of how I managed this trade.

Fake-out morning move/bull-trap and big flush from $218 all the way to S3=$215.
The shooting star-doji at 60min chart was sth I couldn't ignore. MASSIVE reversal candle.

Waited patiently for the retracement towards S1=yesterday's close=$215 + VWAP,

1st offer got hit for Tier 0 size, added another half-tier when it rolled over, risking S1=$215 on the dot, expecting the retest of S3=LOD=$212 at a minimum. Lots of downside if it wanted up to S4=$210-210.5 area.

Covered 70% in-front of LOD and sat tight to watch price action. Held S3=LOD and bounced higher.

Reloaded the size in-front of S2=$213.75-214, risking tight stop for the adds $214.1s, expecting the break of S3=LOD and new lows. That 60min reversal candle. How the f@ck they were going to negate that??

Stopped out of the adds per plan.

Revisited at S1=$215+VWAP, risking above S1+VWAP $215.01, expecting once again LOD at a minimum..

Nope. I tried to press even lower but this thing had no intention to move lower, so I bailed.

Unbelievable how such a 60min reversal candle can't give follow-thru to the downside...UNBELIEVABLE.

(+) Risk management so on point. Tiny loss with size on a failed trade.