CRM Trade on Feb 2, 2021 10:50 from spyrosz: Tradervue User Stock Trades.

Tight daily with a well-defined resistance level at R1=$230. Above R1=$230 and into the daily gap-fill to R3=$238.7. R2=$233.

It was gapping above R1=$230 premarket, holding higher. Premarket plan was to get "long" at the opening flush to R1, risking yesterday's close=$228.5, expecting to hold and push higher towards R2.

Well, that premarket pop to R2=$233 1min before open made everything so difficult.

Choppy action around R2 for the 1st 1.5-hr, once it remounted the level holding clearly above it,

got long Tier I, risking the higher low=$231.5, expecting the push higher towards R3=238.7.

Sold small at HOD, more at $236 as it looked extended...

Nice close at top 25% of range + green on the name --> holding 60% of size as swing, stop $232.5, target R3=$238.7.

Opened at $235 and popped to $236, looking good for that daily gap-fill at $238.7.
Moved stop to $233....and got stopped out 30min later.

CRM, DIS, DKNG, CHWY only to mention a few last week. Things are frothy, get choppy, and I find myself giving back significant unrealized profits trying to hold swing for the bigger trade. Puts me in a bad place. Doesn't work well for me.