OCGN Trade on Feb 8, 2021 09:36 from grigenas: Tradervue User Stock Trades.

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grigenas

 

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1st Pullback A Opportunity Zone (9/20 EMA) Set 4 Surf's Up Upper Band Reached

Video Review/Mentor Provided Notes:

  • Great trade and execution.
  • Hold onto some shares to scale-out while riding up the bands.
  • Good job not getting scared out and taking a partial when the price is still getting bought up at the 9 EMA. I should not be selling where people are buying and getting in to support the price.
  • Little bit of a premature entry, should have waited for the new 1m high breaking the trendline as well.
  • Nice pullback to the pre-market high with support there.
  • With the huge momentum coming in at $11 eating up the massive L2 order I should have continued to hold my shares! Especially when there was massive buying at $11.33 and $11.50. HUGE BUYERS kept showing up on the L2 and while they were there I should have kept holding.

(1) Trade Plan:

  • Surf's Up - Go long once price holds in the Opportunity Zone (below the 9 EMA and above the 20 EMA) and breaks the trendline on the pullback after an opening move up.

(2) Overall Rating:

10/10

(3) What was Good:

  • Great trade idea, entry, confidence, Fib retracement, and profit taking.

(4) What was Bad:

  • Entry could have been on the next candle where a new 1m high was made for extra confirmation.

(5) Improvement Areas:

  • Wait for the 1m high for the entry.
  • Hold onto some shares to scale-out while riding up the bands.

THE INFORMATION BELOW IS TRACKED IN MY SG STRATEGY EVALUATION EXCEL SHEET.

(6) Stop Loss:

(7) Entry:

(8) Profit Taking:

(9) Psychology:

DAS Trade Screenshot:

image


Execution detail:

Date/time Symbol Qty Price Position
2021-02-08 09:36:50 OCGN 192 $9.930 192
2021-02-08 09:40:33 OCGN -96 $11.060 96
2021-02-08 09:40:36 OCGN -48 $11.010 48
2021-02-08 09:40:52 OCGN -24 $11.120 24
2021-02-08 09:40:58 OCGN -12 $11.320 12
2021-02-08 09:41:28 OCGN -6 $11.400 6
2021-02-08 09:41:53 OCGN -6 $11.500 0


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