RIOT Trade on Mar 24, 2021 09:53 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: continued fade from previous days,
*Entry: pops vs VWAP after morning FF/fails
*Risk: 1:2.5

Catalyst and News:

BTC and a lot of the Nasdaqs failing, nothing much otherwise.

Fundamentals:

n/a. Earnings around the corner (March 31st)

Technicals:

Fails at VWAP and off the morning. No real strength from the last several days. Daily FF.

Summation:

Small entry at 53 on the pop from the nLOD. Watched it retest VWAP a bunch, with higher lows, thinking that it was reminiscent of many previous times that a ticker broke back through and squeezed to new highs. No stop hit though, and eventually fell and faded hard for most of the day.

Thought it could re-test VWAP and wanted another chance to size up, but did not take it. Still working on that conviction.

Set stops (55 exit, 48 target), and left for work, to find that TZ's data had malfunctioned. Orders supposedly were going through, did not want to chance an issue so I left my stop despite the price action suggesting that the price could go lower.

Out at 48, watched it fall to 46.10s and spring back up. Eventually fell back and ended at a hard 45 down.

Takeaways:

Be more patient with pops for entries. They're likely to go higher than you think, especially if they're still near the underside of VWAP. Your entry target can be better.

Taking profits is always better than taking nothing. Maintain your process.