VIAC Trade on Mar 17, 2021 09:46 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Breakdown on Daily overextension and Fade
*Entry: On lower highs before breakdown.
*Risk: 1:3 (vs. r/g)

Catalyst and News:

n/a

Fundamentals:

n/a

Technicals:

Daily grind without pullback over last several weeks and first signs of cracking and weakness in the week. Major drops into consolidation yesterday, watched for possibility of continual fails.

Summation:

Starter entry under VWAP in small pop. Aimed for scale up at pop vs 94. Missed that opportunity and did not add during the breakdown. Watched it fall repeatedly for the following hour of the trading morning, initial PT was at 88.4, but tape never gave a reason to cover until it hit the 88 levels. Had some strength there but ultimately fell back under
87. Was unable to watch any further, set a range order between 87.40 and 85. Out a good amount up.

Was thinking it would break down pretty wildly if it got under 90, but started to hold better at that point. Will evaluate again further.

Takeaways:

Don't expect things of the market. Take what it gives. It gave a lot here today.

Don't be afraid to add during a breakdown. Even if it turns and doesn't move in favor of your position, that's trading.

The tape doesn't lie.