BQ Trade on Feb 17, 2021 12:46 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Opened above $9 support, solid uptrending ticker, Chinese CHEWY.
*Entry: 9.10s, stop with some wiggle room.
*Risk: 1:5+, PT 11s+

Catalyst and News:

N/A

Fundamentals:

N/A. Pretty good from what I remember, need to re-check filings.

Technicals:

$9 Support holding well since the first breakout > dip > run up to 13.

Summation:

Full size entry just above the support line. Expecting this to pick up steam again at some point. Nice pointers by multiple other swing traders.

UPDATE: Cracked under support first thing in the morning and kept finding its way down. Stop had a little leeway, but once it went under that level it didn't appear to have the staying power to return.

Might come back to it if it shows signs of life again.

Takeaways:

If you're going to play a bounce, actually wait for a bounce. This isn't the market where everything goes up anymore. Actually look for a real setup.

Just because you stopped out on something before, doesn't mean you can't try again. Plenty of other things that have been stopped out on before (CRMD, QH) are starting to show life again. Go for it.