STNG Trade on Mar 10, 2021 11:46 from wolfgtweb: Tradervue User Stock Trades.

OK, I was done after the BBW trade. But I had been watching STNG climb all day and just drooling over the possibility of it rolling over. So when I saw 3 red candles, one of which was a doji and two were topping tails, I jumped on it. Shorting at 18.40. Was thinking that it would turn down, but as it tapped the 9EMA, it paused, so I took my .10 profit. I think this was a good trade. Identification of the possible top and getting a decent entry. Then taking my profit when resistance was encountered.

Update. As I was typing my notes, I kept the STNG chart up on another screen. It dropped through the 9EMA and began to consolidate above the 20EMA. It showed a nice bear flag so I set my entry below the previous candle low of 18.17 which put my entry at 18.16. It triggered and put my entry average at 18.158. I had my stops in place at the high of the previous pop which was 18.33. Watched it pull back up and then finally drop. My first target was 8.05 for half my position just below the last resistance and above the 18 dollar barrier. It triggered so I was set. I set another target of half the remaining position at 17.95. I figured it would get hit fast if 18 broke. It did. Then I just dumped the rest when it started to bounce around 17.95. Good setup, good targets. My stop was kind of lose but logical.