Z Trade on Feb 12, 2021 09:36 from yannitrades: Tradervue User Stock Trades.

Steve Spencer's notes for the day.
Support 186, 188, 190, Resistance 194, 195, 198 (held large gap)

Had pretty good ER report, held higher prices and had an inplay score of 5 on the SMB radar

My notes; Z over 194.50 gets you a MP to 198, TP at important pivots at 196 and the 1HR bolly band at 198

Now overall this was a good trade but theres a few mistakes to note.

1. Low volume/ not a sizable setup.
2. Didnt leave runners past our targets
3. Not a good RR considering our TP zones. (wide stop? sold too early?)
4. Bolly band expanded to 199 and we completely ignored the pivot point at 201~ which were key areas to trim runners.

Ideally we want a 3-5 RR. I feel like our stop was either too wide, or we didnt sell our core well. This is something I need to talk to my trading peers about and see what they think.

I sold my core early because the tape looked like ass

Things to note, Spencer's ideas work really well with the PS60 strategy. I would love how I can incorporate my ideas to stocks in play. Will type up a playbook setup this weekend to make the rules a little more strict.

had a great bounce off that 20 ema/sma cloud on the 1hr