SNAP Trade on Feb 3, 2021 10:06 from tjmiller2001: Tradervue User Stock Trades.

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tjmiller2001

 

Price was near 59.00 level of support that was previously tested and held that day.

I saw a candle become green and tall and rushed to enter. I was faked out as it quickly sold off. I should've waited for the candle to close green. Volume was increasing but not to a level that should've made me rush in.

Decent exit out pretty quick for a loss. Could've been better but not close to my worst.

Lesson Learned: It's best to let a 5m candle close over your trigger. But I should at least let a 1m candle close that I like before entering. I got faked out because I rushed in when price started moving. Should've looked for high volume and a hold of that 59.00 level.


Execution detail:

Date/time Symbol Side Price Position
2021-02-03 10:06:47 SNAP buy $59.150 long
2021-02-03 10:07:11 SNAP sell $58.930 0


Comments

2021-02-04 08:48:13
 

Excellent cut and good review of what went wrong and how you can improve

2021-02-10 03:08:22
 

@beno Thank you!

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