FUTU Trade on Feb 2, 2021 09:36 from hermanho939: Tradervue User Stock Trades.

Gap up, poised to challenge the wick to all time highs. Hence, long bias.

9:33 is breakup candle. 9.34, low effort pullback, despite 80% of volume. 9:35, similar effort of pullback and volume. Closed, right above pre-marked price; just less than half of the breakup candle. 1% from breakup candle low. Decision to entry after 9:35. Analysis: not a good entry by all means, because there is no diminishing effort compared with result (934 ->9:35); also, retracing half of the breakup candle is barely sufficient. But, barely a within the realm of reasonableness, given the clearly defined 1% risk. Entry probably driven by FOMO. A great entry would be after 9:37; 9:36 and 9:37 are significantly lower volume pullbacks; further, 9:37 is inside candle, and diminishing downwards result on similar volume ss 9:36. And, just 0.5% off stop loss; could possibly double position size.

Based on similar reasons, correct decision not to exit half in 9:36 and 9:37. Decision to exit half after 9:44. The analysis is that it is not a reasonable exit. Although reversed 80% of the candle, the volume is just 60%. Probably driven by 'fear of losing gains'. Need to reflect. It would be a correct decision (though not necessarily yielding the best results this time) to exit half after 9:45, because another red candle with synchronicity in effort and volume.

Correct to exit upon huge breakdown candle of 9:54. Correct also to exit within the minute, given it already broke structure and tape reading suggests there is strong downward force. If any, could possibly exit even earlier in the minute, just when price breaks the structure. In any event, a commendable exit (with the benefit of hindsight, price dropped all the way to test the initial breakout area of the day.