INOD Trade on Mar 12, 2021 10:00 from thebadtrader: Tradervue User Stock Trades.

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thebadtrader

 

Market Condition (Uptrend, Downtrend, Under Pressure, Rangebound):
- QQQ Rangebound. Broke out of 10ma, 20ma & 50ma yesterday but didn't hold.
- DJI Uptrend. 5th day into brekout.
- SPX Uptrend. 4th day into brekout.
- RUT Uptrend. 4th day into brekout.
- FSK (3 days ago) Breakout Failed. EV tech stocks lagging.
- Uber, SBLK Breakout sustained. Reopening stocks stronger.

INOD was on my watchlist pre-opening
- Pat on the back for being ready

Peers:
- The other EP I was watching was XPEL
- Personally, prefer XPEL because I know it is very popular amongst computer bro value investors.
- XPEL opened weak and continued to be weak for the first hour.
- INOD was strong, results were very impressive

Potential Improvements:
- Broke rules here
- Did not buy on the day of the breakout and risk/reward is out of wack
- Instead, used the second day low as the stop
- EP so a little more room for error.
* Did not pick up on the day because I did not have the screens in place.

Started using half size. Half account size going forward as this is what I'm most comfortable with for now.

EDIT: 16/02/2021
- 3rd day did not take any off due to strength in the day
- Stops moved to 10ma or breakeven, the higher of the two

EDIT: 17/02/2021
- Sold position due to market weakness on open
- This stock is particularly illiquid so being stopped out on a market order would be bad


Execution detail:

Date/time Symbol Side Price Position
2021-03-12 10:00:04 INOD buy $8.080 long
2021-03-17 10:00:40 INOD sell $8.390 0


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