SPRT Trade on Mar 22, 2021 10:11 from VadimT7: Tradervue User Stock Trades.

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VadimT7

 

Remember: Exit completely when it breaks the support level. Keep the losses small as having them big is completely unnecessary.

If the stock is clearly showing selling after a fake-out, get out before it breaks the support and reaches the SL to minimize the loss.


Scale-out if seeing weaknesses in the stock e.g. higher selling volume than buying volume. The commissions on the scale-outs are less than the losses that I could take with a bigger size.

  • After such as strong knife at the top, let the stock consolidate for longer at a demand level.
  • A doji is not a good sign in a consolidation.
  • Bearish engulfing during the consolidation is not good either.
  • Selling volume shall decrease in consolidation and the buying volume should be dominant at least by a bit. In this case the selling volume remained dominant.

Don't enter in this case until clear signs of strong fresh bullish buying.


Personality:

  • On the daily chart, the stock never keeps its highs which makes it bearish and a better short candidate than a long (unless for scalps).

Execution detail:

Date/time Symbol Side Price Position
2021-03-22 10:11:04 SPRT buy $8.370 long
2021-03-22 10:17:18 SPRT buy $8.330 long
2021-03-22 10:21:51 SPRT sell $7.830 0
2021-03-22 10:49:32 SPRT buy $7.310 long
2021-03-22 10:53:40 SPRT sell $7.070 0


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